Depreciation Calculator

What Depreciation Calculator does

How to use the Calculator.net Depreciation Calculator

1. 1

   Select the depreciation method (Straight Line, Declining Balance, or Sum of the Year's Digits) from the dropdown menu.

2. 2

   Enter the asset's cost, salvage value, and the number of depreciation years.

3. 3

   Choose whether to round results to whole dollars and whether to calculate partial-year depreciation.

4. 4

   Set the asset start date and accounting year convention (e.g., Half-Year, Full-Month) to define the first depreciation period.

5. 5

   Click Calculate to view the depreciation schedule and final book value.

Depreciation Calculator FAQ

Can I use this calculator for assets that are placed in service mid-year?

Yes. The calculator includes a 'Partial year depreciation' option and lets you set the asset start date and accounting year convention (such as Half-Year or Full-Month) to accurately reflect mid-year placements.

What is the difference between the declining balance and sum of the year's digits methods?

Declining balance applies a constant depreciation rate to the asset's remaining book value each year, while sum of the year's digits accelerates depreciation by applying a fraction based on the remaining useful life, resulting in higher early-year deductions that decrease over time.

Does the calculator include a comparison of all three methods?

The tool calculates depreciation for one method at a time. To compare methods, you would need to run separate calculations for straight line, declining balance, and sum of the year's digits and review the resulting schedules individually.

Is the depreciation schedule downloadable or printable?

The calculator displays a year-by-year depreciation table on screen. For printing, use your browser's print function or the print button available on the Calculator.net page.