Finance tool

Asset Depreciation Calculator

Calculate annual depreciation using straight-line or declining balance.

How to use Asset Depreciation Calculator

Depreciation is the allocation of an asset's cost over its useful life. It helps reflect that equipment, vehicles, machines, and other fixed assets lose value as they are used.

Basic idea

(Asset cost - Salvage value) / Useful life = Annual depreciation

What is salvage value?

Salvage value is the estimated remaining value of an asset at the end of its useful life.

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