The Depreciation Calculator is a powerful tool designed to help you estimate the reduction in the value of an asset over time due to factors like wear and tear. Whether you’re managing business assets or personal property, understanding depreciation is crucial for accurate financial planning.

This calculator offers several methods for calculating depreciation, including the popular Straight-Line, Declining Balance, Sum of the Years’ Digits, and Units of Production methods. Each method provides a unique perspective on how assets depreciate over time, allowing you to choose the most suitable approach for your needs.

Using this calculator, you can easily determine the depreciation per year based on the asset cost, salvage value, and useful life of the asset. Additionally, you can choose to include partial year depreciation, which is useful for assets that are not purchased at the beginning of the accounting year.

With its user-friendly interface and comprehensive functionality, the Depreciation Calculator simplifies the complex process of calculating asset depreciation, making it an invaluable tool for businesses, accountants, and individuals alike.