Depreciation Calculator

Calculate the depreciation of an asset using the straight line, declining balance, double declining balance, or sum-of-the-years’ digits method.

$
$
years
Placed in Service:

Depreciation Schedule:

YearDepreciation Amount
2022$19,000
2023$19,000
2024$19,000
2025$19,000
2026$19,000
This calculation is based on widely-accepted formulas, but it is not a recommendation for how to handle your finances. Consult with a financial professional before making financial decisions.
Learn how we calculated this below


On this page:


Straight Line Depreciation Formula

depreciation = asset cost – salvage value / service life

Declining Balance Depreciation Formula

depreciation = value × factor × 1 / service life

Where:
value = depreciable value at the beginning of the year
service life = years of useful life
factor = depreciation factor

Double Declining Balance Depreciation Formula

depreciation = value × 2 × 1 / service life

Where:
value = depreciable value at the beginning of the year
service life = years of useful life

Sum-of-the-Years’ Digits Depreciation Formula

depreciation = (asset cost – salvage value) × factor

Where:
n = service life in years
factor = years of service life remaining divided by the sum of each year’s digits (see example below)

year 1 factor = n / 1 + 2 + … + n
year 2 factor = n – 1 / 1 + 2 + … + n
final year factor = 1 / 1 + 2 + … + n