Depreciation Calculator

The Depreciation Calculator is an invaluable tool designed to estimate the reduction in the value of an asset over time. It is particularly useful for businesses and individuals who need to calculate depreciation for accounting and tax purposes. The calculator simplifies the process by employing various methods, such as straight-line, declining balance, and sum-of-the-years' digits, accommodating different depreciation strategies. By inputting the asset's purchase price, salvage value, and useful life, users can instantly determine the depreciation expense for each period. This not only aids in financial planning and reporting but also ensures compliance with accounting standards and tax regulations, making it an essential resource for asset management.

Initial Value ($): Depreciation Rate (% per year): Number of Years: