Free Depreciation Calculator - Calculate Asset Depreciation
Calculate depreciation using straight-line, declining balance, or MACRS methods. Perfect for tax planning and accounting.
Quick Answer
Depreciation spreads an asset's cost over its useful life. Straight-line: (Cost - Salvage) / Years. Declining balance accelerates deductions early. MACRS is required for US tax purposes. Use our calculator for all methods.
Key Facts about Depreciation Calculator:
- Straight-line: equal deduction each year
- Declining balance: accelerated depreciation (150% or 200%)
- MACRS: IRS required method for tax purposes
- Section 179: immediate deduction up to limits
- Bonus depreciation: 80% in 2024, phasing down
- Salvage value: estimated value at end of useful life
Why Use Our Depreciation Calculator?
Depreciation tools:
Multiple Methods
Straight-line, declining balance, MACRS.
Schedule Generator
Full depreciation schedule by year.
Tax Planning
Plan deductions for tax purposes.
MACRS Tables
IRS MACRS percentages built in.
Instant Results
Get calculations immediately.
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How to Depreciation Calculator in 3 Easy Steps
Calculate depreciation:
Enter Asset Details
Input cost, useful life, salvage value.
Select Method
Choose depreciation method.
View Schedule
See yearly depreciation amounts.
Why Use Our Calculator?
Accurate tax deductions
Multiple methods
Full schedules
Professional results
Common Use Cases for Depreciation Calculator
Perfect for:
Frequently Asked Questions
Everything you need to know about our depreciation calculator
What depreciation method should I use?
MACRS for US taxes; straight-line for book; declining balance for fast-depreciating assets.
For US taxes, MACRS is required. For book purposes, straight-line is most common. Declining balance accelerates deductions for assets losing value quickly.
How do I calculate straight-line depreciation?
(Cost - Salvage) / Years. Example: ($10,000 - $1,000) / 5 = $1,800/year.
Annual Depreciation = (Cost - Salvage Value) / Useful Life. Example: $10,000 asset, $1,000 salvage, 5 years = $1,800/year.
What is MACRS depreciation?
IRS-required tax method with specific recovery periods and percentages by asset class.
Modified Accelerated Cost Recovery System is the IRS-required method for tax depreciation. It uses specific recovery periods and percentages for each asset class.
Still have questions? Try the tool yourself!
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