Depreciation Calculator

Depreciation represents the decline in value of an asset over time due to factors such as wear and tear, obsolescence, or damage. For example, a piece of machinery may depreciate if it becomes less efficient or a vehicle may lose value following damage or as it ages. This concept is crucial not only in practical terms but also in accounting, where it helps distribute the cost of an asset over its expected useful life. This approach prevents large expenditures from distorting the financial statements in the period they occur, spreading these costs to match the asset's period of utility.

Accounting for Depreciation

In accounting, depreciation is used as a way to allocate the cost of tangible assets over their useful lives, making it an essential element in financial reporting and tax calculations. This systematic expense recognition helps companies smooth out earnings over time and offers tax advantages by reducing taxable income each year the asset depreciates.

Common Depreciation Methods

  • Straight-Line Depreciation: This method spreads the cost evenly across the asset's useful life, making it the simplest and most commonly applied technique.
  • Declining Balance and Double Declining Balance: These methods accelerate depreciation, recognizing more expense in the early years of an asset's life.
  • Sum of the Years' Digits: This method also accelerates depreciation but uses a different calculation to front-load the expense.

Browse Depreciation Database by Item

Appliances - Major
Charbroiler - Gas Cooktop Dehumidifier Dishwasher Dryer - Electric Dryer - Gas Floor Polisher - Electric Freezer - Chest, Upright Garbage Disposal Hand Dryer Heater - Space Ironers Microwave Oven Microwave Oven - Built-In Range Hood Refrigerator Refrigerator - Built-In Refrigerator - Compact Sewing Machine Stoves, Ranges - Electric Stoves, Ranges - Gas Sump Pumps Trash Compactor Vacuum Cleaner - Home Vacuum Cleaner - Office Washer Washer Dryer Combination Water Heater - Electric, Gas, Oil Water Heater - Tankless Water Pumps Wine Cooler - Built-in
Appliances - Minor
Air Purifier Air Washer Blender, Mixer - Electric Can Opener - Electric Cappuccino Station Coffee Grinders Coffee Maker Fans - Electric Food Processor Frying Pan - Electric Griddle Hot Plates Humidifier Iron - Electric Including Steam Knife Sharpener - Electric Popcorn Popper Rice Cooker Roaster - Electric Slow Cooker Toaster Toaster Oven Vaporizer Waffle Iron Water Cooler
Automotive
Batteries Convertible tops Golf Cart Paint Jobs Radios, Accessories Seat, Floor Coverings Tires Trailers
Baby Items
Baby and Infant Goods
Baskets & Hampers
Metal Plastic Wicker
Bedding
Blankets - Cotton Blankets - Electric Blankets - Wool Box Springs Comforters Mattress Covers, Pads Mattresses Pillow - Down Pillow - Synthetic Pillow Cases Quilts Sheets Spreads
Books
Fiction and Non-Fiction Paperbacks Reference - General Knowledge Reference - Science, Engineering
Building Materials
Cabinets - Bathroom Cabinets - Garage, Laundry Cabinets - Kitchen Cabinets - Medicine Caulking - Interior & Exterior Ceiling - Acoustical Tile Chimney Cap - Concrete Chimney Cap - Metal Circuit Breaker Closet Shelves Countertop - Concrete Countertop - Cultured Marble Countertop - Laminate Countertop - Natural Stone Countertop - Tile Countertop - Wood Deck - Composite Deck - Wood Diffusers, Grilles, Registers Doors - Closet Doors - Exterior Doors - French Doors - Garage Doors - Interior, Hollow Doors - Interior, Solid Wood Doors - Locks Doors - Rollup Doors - Screen Doors - Weatherstripping Dryer Vent - Flexible Dryer Vent - Steel Ductwork Fire Alarm System Fire Sprinkler System Fireplace - Gas Flex Gas Lines Flooring - Engineered Wood Flooring - Laminate Flooring - Linoleum Flooring - Stone Flooring - Tile Flooring - Vinyl Flooring - Wood Gutters - Aluminum Gutters - Steel Gypsum Insulation Paint - Exterior Paint - Interior Screen Service Panel Siding - Aluminum Siding - Vinyl Skylights Stairs Steel Gas Lines Underground PVC Piping Wall Outlets Wall Switches Wallpaper Waste Pipe Water Lines - Copper Water Lines - Plastic Water Softener Well Pressure Tank Well Pump Window Glazing Windows - Aluminum Windows - Vinyl Windows - Wood Wiring Wood Paneling Wood Stain - Exterior
Cameras & Photographic Supplies
$50 Or Less Cost New Over $50 Cost New Photographic Supplies
Carpets & Rugs
$12.96 - $20.95 Per Yard Cost New $20.96 Per Yard and Above Cost New $5.95 Per Yard Or Less Cost New $5.96 - $9.95 Per Yard Cost New $9.96 - $12.95 Per Yard Cost New Area Rug Carpet Runner Genuine Orientals Mats Outdoor Carpet
Clocks
Grandfather Over $25 Cost New Under $25 Cost New
Clothing - Children's
All Except Coats Coats Dresses Hats, Bonnets Jackets Play Clothes Shoes Snow Suits Suits Undergarments
Clothing - Men's
Bathing Suits Boots Caps Formal Wear Fur Coats Gloves Handkerchiefs Hats Jeans Leather Jackets Neckties Overcoats Pajamas Raincoats Robes Shirts Shoes Slacks Sleepwear Sneakers Socks Sport Coats Suits Sweaters Underwear Uniforms Vests
Clothing - Women's
Aprons Blouses Boots Bras Cloth Coats Coats, Jackets - Leather, Suede Dresses Evening Gowns Fabric Pocketbooks Fur Coats, Stoles Gloves Handkerchiefs Hats Hosiery Jackets Jeans Leather Pocketbooks Lingerie Raincoats Robes - Cotton Robes - Quilted Scarves Shawls Shoes Skirts Slacks Sleepwear Sneakers Socks Suits Sweaters Swim Wear Underwear Uniforms Wedding Gowns
Decorative Items
Artificial Flowers and Fruits Candles - Unused Decorations - Holiday Houseplants Lithograph Prints Oil Paintings Ornaments, Decoration Pillow - Accent Vases
Draperies, Curtains, Awnings
Awnings - Cloth Curtains Draperies Shades Traverse Rods Venetian Blinds
Electronics
CB Radios DVD, Blu-ray Player DVR GPS Mobile Telephone - Apple Mobile Telephone - Blackberry Mobile Telephone - Google Mobile Telephone - HTC Mobile Telephone - LG Mobile Telephone - Samsung Phonograph - Hi-Fi, Stereo Radio - Console, Portable, Table Recorders - Tape, Wire Stereo Receivers Stereo Speakers Stereo, CD Player Telephone - Answering Machine Television - High Definition Television - Color Television Antenna Television Tower Video Camcorder Video Game Console
Food Supplies
Beverages and Staples Canned - Commercial, Home
Furniture
Bentwood Chairs - Rattan, Wicker Bookcases Camel Saddle - Footstools Card Tables, Chairs - Heavy, Chrome, Plastic Children's Desks and Tables Lawn - Aluminum Or Steel Lawn - Fabric Lawn - Redwood Lawn - Wrought Iron Leather Furniture Metal Bed Frame Ordinary Wood - Chrome, Plastic Slipcovers Solid Wood Upholstered Furniture Vibrator Chair - Mechanism Only
High-Tech Medical Equipment
Anesthesia Monitors Apnea Monitor Blood Pressure Monitor Cardiac Ultrasonic Scanner CAT Scanner Defibrillator Doppler EEG Machine EKG Machine External Pacemaker MRI Scanner Nuclear Medicine Camera OB/GYN Ultrasonic Scanner Oximeter Spirometer Systolic Monitor Temperature Monitor Ultrasonic Scanner
Hobbies & Sporting Goods
Archery Equipment Athletic Equipment Badminton Equipment Baseball Equipment Basketball Equipment Bicycles Billiard Balls Billiard Cue Sticks Billiard Tables Binoculars Boating Equipment and Supplies Boats Bowling Balls Camping Equipment Cards - Playing Chess Sets Coin Collection Exercise Machine Exercise Machine Firearms Fishing Equipment Football Equipment Golf Clubs Hunting Gear Ice Skates Karate Gear Outboard Motors Racquet Ball Equipment Roller Skates Running Gear Scope Scuba Gear Skiing Equipment Soccer Equipment Stamp Collections Surf Board Swimming Gear Table Tennis Equipment Tennis Rackets Tennis Table Volleyball Equipment Wrestling Gear
Home Fixtures
Accessible, ADA products Cast Iron Bathtub Doorbell Faucet Garage Door Opener Jacuzzi Tub Lighting Fixtures Shower and Tub Module Shower Door Showerhead Shut-off Valve Sink - Acrylic Sink - Soapstone Sink - Stainless Steel Toilet
Home Technology
Audio System - Built In Chair Lift Home Automation System Intercom Robot Vacuum Satellite Dish Security System Smoke Alarm Solar Panel Batteries Solar Panels Whole House Vacuum System Wireless Home Network
HVAC
Air Conditioners - Window Air Conditioners - Central Boiler - Cast Iron Boiler - Electric Boiler - Steel Dampers Evaporative Cooler Evaporative Cooler - Portable Fans - Attic Fans - Ceiling Fans - Exhaust Furnaces - Coal, Gas & Oil Heat Pump - Air-to-Air Heater - Gas, Electric Heater - Hot Water or Steam Thermostat
Jewelry
Bracelets Broaches Costume Jewelry Cuff Links Earrings Necklaces Other Jeweled, Precious Metal Items Pins Rings Watches - $50 or Less Watches - More Than $50
Kitchen Equipment
Cast Iron Chests - Ice, Picnic China, Glassware Copper Everyday Dishware Good Cutlery Heavy Aluminum Knife - Electric Miscellaneous Utensils Silverware - Plated Silverware - Stainless Steel Silverware - Sterling Stainless Steel
Lamps
Bulbs - Sun Lamp Only Desk and Floor Infrared, Sun Shades
Lawn & Garden
Barbeque Grills and Sets Cloth Yard Goods Fencing - Chain Link Fencing - Vinyl Fencing - Wood Fencing - Wrought Iron Garden Tools Hedge Clippers and Trimmers - Electric Hose Irrigation Valves Ladders Lawn Edgers Lawn Rollers Patio Umbrella Power Mower Push Mower Riding Mower Sprinkler Wheelbarrow
Linens
Doilies Irish Types Luncheon Sets Napkins Tablecloths Towels
Luggage
Briefcases Suitcases Trunks
Miscellaneous Items
Antiques Aquariums Barometer Bookends Boxes - Cigarette, Collar, Jewel Brick-A-Brac Cards - Greeting Crystal Drawing, Mapping, Sketching, Professional Equipment Figurines Fire Extinnguisher Flashlights Golf Cart Hot Tub Ironing Board Ironing Board Cover Mirrors Photograph Albums, Pictures Picture Frames Professional Equipment Rope - Natural Fiber Rope - Synthetic Fiber Scrapbooks Slide Rule Stationery Stereo Tapes Umbrella
Musical Instruments & Supplies
$50 - $250 Cost New CD Music - Sheet, Book Music Boxes Over $250 Cost New, Including Pianos Under $50 Cost New
Office Equipment
Adding Machines Addressing and Mailing Machines Billing Machines Binders, Loose-Leaf Blueprint Machines Bookkeeping Machines Calculator Cases - Book, Display Check Perforators Check Writers Computer Accessories Computers Dictation Machines Duplicating Machines Folding, Sealing Machines Lockers Miscellaneous Office Furniture Money Changing Machines Office Cabinets Office Filing Cases and Files Photocopiers Printers - Ink-Jet Printers - Laser-Jet Safes, Vaults Scales - Counter, Mail Telephones Typewriter - Home Typewriter - Office Wastebasket - Leather Wastebasket - Metal Wastebasket - Plastic Water Coolers
Personal Items
Barber Equipment Billfold Brushes - Clothes, Hair Cigarette Lighter Cosmetics Curling, Flat Iron Dental Equipment Dentures Desk and Writing Implements Eye Glasses Hair Dryer Hand Vibrator - Electric Massage Hearing Aid Heating Pad Medicines Pocket Knife Scales - Bathroom Shaver - Electric Smoking Pipes Toiletries Trophies, Awards Wheelchair Wigs, Hairpieces - $100 - $250 Wigs, Hairpieces - Over $250 Wigs, Hairpieces - Under $100
Pet Supplies
Pet Accessories Pet Cages
Playground Equipment
Swing Sets, Playground Equipment
Roofing
Asphalt Architectural Shingles Asphalt Shingles 3-Tab Clay or Concrete Tile Copper EPDM Flat, Built-Up Green Metal Modified Bitumen - Flat Modified Bitumen - Sloped Simulated Slate Slate Sloped, Built-up TPO Wood Shingles
Tools
Diagnostic Tools Manual Tools Power Tools Tool Box Tool Chest
Toys
Electric Trains Games Miscellaneous Toys Scooter, Tricycle
Vinyl Records
33RPM, 45RPM Stereo 78 RPM Stereo
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