Depreciation Calculator

Calculates the annual depreciation expense for assets using several standard accounting methods. Users input the initial cost, salvage value, and useful life of an asset to determine its systematic reduction in value over time. The tool supports multiple calculation methodologies, including straight-line, double declining balance (DDB), and sum-of-years' digits, providing a comprehensive understanding of potential tax depreciation schedules. It generates a detailed comparison chart that tracks the asset's book value year by year across all selected methods for easy review. Financial professionals, small business owners, and accounting students utilize this calculator to accurately model and predict asset write-downs. Businesses rely on these calculations when preparing financial statements or determining taxable income.