Depreciation calculator
Spread an asset’s depreciable cost evenly over its useful life.
Formula
Annual depreciation = (cost − residual) ÷ useful life
Original cost = 11,000 · Residual value = 1,000 · Useful life (years) = 20
How to use
- Enter original cost and residual value.
- Set whole years of useful life.
- Read annual expense and the book-value schedule.
Examples
- Cost 11000, residual 1000, 5 years: 2000/year.
- Cost 1000, residual 0, 10 years: 100/year.
Depreciation schedule
Annual totals
| Year | Depreciation | Accumulated depreciation | Closing balance |
|---|---|---|---|
| 1 | 500.00 | 500.00 | 10,500.00 |
| 2 | 500.00 | 1,000.00 | 10,000.00 |
| 3 | 500.00 | 1,500.00 | 9,500.00 |
| 4 | 500.00 | 2,000.00 | 9,000.00 |
| 5 | 500.00 | 2,500.00 | 8,500.00 |
| 6 | 500.00 | 3,000.00 | 8,000.00 |
| 7 | 500.00 | 3,500.00 | 7,500.00 |
| 8 | 500.00 | 4,000.00 | 7,000.00 |
| 9 | 500.00 | 4,500.00 | 6,500.00 |
| 10 | 500.00 | 5,000.00 | 6,000.00 |
| 11 | 500.00 | 5,500.00 | 5,500.00 |
| 12 | 500.00 | 6,000.00 | 5,000.00 |
| 13 | 500.00 | 6,500.00 | 4,500.00 |
| 14 | 500.00 | 7,000.00 | 4,000.00 |
| 15 | 500.00 | 7,500.00 | 3,500.00 |
| 16 | 500.00 | 8,000.00 | 3,000.00 |
| 17 | 500.00 | 8,500.00 | 2,500.00 |
| 18 | 500.00 | 9,000.00 | 2,000.00 |
| 19 | 500.00 | 9,500.00 | 1,500.00 |
| 20 | 500.00 | 10,000.00 | 1,000.00 |
Period details
| Period | Depreciation | Accumulated depreciation | Closing balance |
|---|---|---|---|
| 1 | 500.00 | 500.00 | 10,500.00 |
| 2 | 500.00 | 1,000.00 | 10,000.00 |
| 3 | 500.00 | 1,500.00 | 9,500.00 |
| 4 | 500.00 | 2,000.00 | 9,000.00 |
| 5 | 500.00 | 2,500.00 | 8,500.00 |
| 6 | 500.00 | 3,000.00 | 8,000.00 |
| 7 | 500.00 | 3,500.00 | 7,500.00 |
| 8 | 500.00 | 4,000.00 | 7,000.00 |
| 9 | 500.00 | 4,500.00 | 6,500.00 |
| 10 | 500.00 | 5,000.00 | 6,000.00 |
| 11 | 500.00 | 5,500.00 | 5,500.00 |
| 12 | 500.00 | 6,000.00 | 5,000.00 |
Frequently asked questions
Is this a tax depreciation calculator?
No. It uses financial straight-line depreciation, not a jurisdiction-specific tax schedule.
Can residual value exceed cost?
No. Residual value must be between zero and original cost.
Are partial years included?
No. The model assumes full years and unchanged estimates.
Sources
Updated: