Depreciation Calculator (Calculate Asset Depreciation Online)
Use our free depreciation calculator to easily compute asset depreciation using the Straight Line, Declining Balance, or Sum of the Years' Digits methods.
Depreciation Schedule
Understanding Depreciation Methods
Our calculator supports the three most common methods for depreciating assets. Each method allocates the cost differently over the asset's useful life.
Straight Line
This method spreads the depreciation cost evenly over the useful life of an asset. It's the simplest and most commonly used method.
Declining Balance
An accelerated method where the depreciation expense is higher in the early years of the asset's life and decreases over time.
Sum of the Years’ Digits
Another accelerated method that results in more depreciation in the early years. It is more complex but provides a more realistic depreciation schedule for some assets.
Who Should Use This Calculator?
This tool is essential for a wide range of users who need to manage and account for asset values:
Whether you are preparing financial statements, filing taxes, or simply want to understand the book value of your assets, this calculator provides the accuracy you need. For business accounting, the calculated depreciation can be used when creating financial reports or an invoice for services that utilize depreciable assets.