How to Use
How to Use
- Enter the Initial Cost of the asset.
- Enter the estimated Salvage Value.
- Enter the Useful Life of the asset in years.
- Click 'Calculate Depreciation' to view the annual depreciation and schedule.
- Click 'Export CSV' to download the depreciation schedule.
Tips
- Straight-Line Depreciation assumes the asset loses value uniformly over time.
- Salvage Value is the estimated resale value at the end of the asset's useful life.
- All calculations are performed locally in your browser.
About Straight-Line Depreciation Calculator
Calculation Method
Straight-Line Depreciation is the simplest and most commonly used method of depreciation. It assumes that the asset loses value uniformly over its useful life, resulting in the same depreciation expense each year.
Formula
The formula for Straight-Line Depreciation is:
Annual Depreciation = (Cost - Salvage Value) / Useful Life
Key Terms
- Initial Cost
- The total cost to acquire the asset, including shipping, installation, etc.
- Salvage Value
- The estimated resale value of the asset at the end of its useful life.
- Useful Life
- The number of years the asset is expected to be in service.
- Book Value
- The value of the asset after deducting accumulated depreciation.
