Accounting Calculator
Fixed Asset Depreciation Calculator
Generate an annual depreciation schedule using straight-line or double-declining-balance depreciation without reducing book value below salvage value.
Calculator
Formulas
- Straight-line depreciation = (Cost − Salvage value) ÷ Useful life
- Double-declining rate = 2 ÷ Useful life
- Closing book value cannot be lower than the estimated salvage value
Worked Example
Example: cost of 100,000, salvage value of 5,000 and useful life of 5 years gives annual straight-line depreciation of 19,000.
Result Explanation
Use the schedule for planning and analysis. Formal entries must follow the accounting policy applicable to the asset.
Use Cases
- Capital expenditure planning
- Asset register review
- Depreciation method comparison
Frequently Asked Questions
Can salvage value exceed cost?
No. The calculator validates this boundary before calculating.
Why is the final year adjusted?
The adjustment prevents closing book value from falling below salvage value.
Accounting and Tax Disclaimer
These calculators provide general accounting, tax and business estimates only. Rules differ by jurisdiction, industry and accounting policy. Confirm formal filings, bookkeeping entries, audits and business decisions against applicable regulations and professional advice.
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