What is the Straight Line Depreciation Calculator?

The Straight Line Depreciation Calculator is a simple financial tool that helps you determine how much an asset decreases in value each year using the straight-line method. This method spreads the depreciation evenly across the asset’s useful life, making it easy to calculate annual expense, book value, and long-term asset planning. By entering the asset cost, salvage value, and useful life, the calculator instantly shows the yearly depreciation amount and provides a clear schedule to support accounting, budgeting, and financial reporting.

How to Use:

1. Enter Asset Cost: The purchase price of the asset.
2. Enter Salvage Value: The estimated value after its useful life ends.
3. Enter Useful Life: The total number of years the asset will be used.
4. Click “Calculate”: View the annual depreciation and schedule.