What is the Declining Balance Depreciation Calculator?

The Declining Balance Depreciation Calculator is a financial tool used to calculate how an asset loses value over time using the accelerated depreciation method. Instead of spreading depreciation evenly each year, this method applies a fixed percentage rate to the asset’s remaining book value, resulting in higher depreciation in the earlier years and lower amounts later. By entering the asset cost, salvage value, useful life, and depreciation rate, the calculator instantly generates a year-by-year depreciation schedule, helping businesses understand asset valuation, tax calculations, and replacement planning more accurately.

How to Use:

1. Enter Asset Cost: Total purchase cost of the asset.
2. Enter Salvage Value: Expected value at the end of its useful life.
3. Enter Useful Life: Number of years the asset will be in use.
4. Enter Depreciation Rate: The yearly percentage applied for depreciation.
5. Click “Calculate”: View the complete depreciation schedule table.