Depreciation Schedule Calculator

Calculate asset depreciation using straight-line or declining balance method. Generate detailed depreciation schedules for tax and accounting purposes.

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years

Quick Facts

Straight Line
Equal annual expense
Most common method
Declining Balance
Accelerated depreciation
Higher expense early on
IRS Section 179
Full deduction year 1
Up to $1.16M (2024)
Bonus Depreciation
60% first year
2024 rate (phasing down)

Depreciation Summary

Calculated
Annual Depreciation
$0
Per year expense
Total Depreciation
$0
Over useful life
Depreciation Rate
0%
Annual percentage

Depreciation Schedule

Year Beginning Value Depreciation Accumulated Ending Value

About the Depreciation Schedule Calculator

The Depreciation Schedule Calculator is a comprehensive online tool designed to help you calculate asset depreciation using either the straight-line or declining balance method. Whether you're a business owner, accountant, or financial professional, this free calculator provides accurate depreciation schedules for tax planning and financial reporting.

Understanding Depreciation Methods

Straight-Line Depreciation

The straight-line method spreads the cost of an asset evenly over its useful life. This is the simplest and most commonly used depreciation method.

Annual Depreciation = (Asset Cost - Salvage Value) / Useful Life
Asset Cost = Original purchase price
Salvage Value = Estimated residual value
Useful Life = Years of expected use

Declining Balance Depreciation

The declining balance method applies a constant depreciation rate to the asset's declining book value each year. This accelerated method results in higher depreciation expenses in the early years of an asset's life.

Annual Depreciation = Book Value x (2 / Useful Life)
Book Value = Current asset value after depreciation
2 = Double-declining balance multiplier (200%)

How to Use This Calculator

  1. Enter the original cost of your asset
  2. Input the estimated salvage value at the end of useful life
  3. Specify the useful life in years
  4. Select your preferred depreciation method
  5. Click "Calculate" to generate your depreciation schedule

Key Features

  • Free to use with no registration required
  • Supports both straight-line and declining balance methods
  • Generates complete year-by-year depreciation schedules
  • Shows accumulated depreciation and book value
  • Mobile-friendly responsive design
  • Instant calculations with detailed breakdowns

Frequently Asked Questions

What is salvage value?

Salvage value (also called residual value) is the estimated value of an asset at the end of its useful life. It represents what you could sell the asset for after it's fully depreciated.

Which depreciation method should I use?

Straight-line depreciation is simpler and spreads costs evenly. Declining balance is better for assets that lose value quickly in early years (like vehicles or technology). Consult a tax professional for your specific situation.

Is this calculator accurate for tax purposes?

This calculator provides accurate mathematical calculations. However, tax depreciation rules vary by jurisdiction and asset type. Always consult with a qualified tax professional for official tax filings.

Can I embed this calculator on my website?

Yes! Click the "Copy Widget Code" button above to get the embed code for your website.