Depreciation Calculator
Straight-Line
Double-Declining Balance
Formula
Straight-Line: (Cost - Salvage) / Life; Double-Declining: Book Value × (2 / Life)
Frequently Asked Questions
What is straight-line depreciation?
Straight-line depreciation spreads the cost of an asset evenly over its useful life. Annual depreciation = (Cost - Salvage Value) / Useful Life.
What is double-declining balance?
Double-declining balance is an accelerated depreciation method that applies twice the straight-line rate to the declining book value each year, resulting in higher depreciation in early years.
You may also need
$
Cost Basis Calculator
Free cost basis calculator. Determine your investment cost basis using average cost method, including commissions and multiple purchases.
Finance$
Business Loan Calculator
Free business loan calculator. Estimate monthly payments, total cost, and effective APR including origination fees for business financing.
Finance$
Tax Bracket Calculator
Free 2024 US federal tax bracket calculator. Find your marginal and effective tax rate based on taxable income and filing status.
Finance