Depreciation calculator

Calculating depreciation becomes a challenge due to various methods of calculating it depending on the type of depreciation and factors. In addition, it can become a hassle if you do not know which method to use for which item. But it is time to put an end to this saga now that the depreciation calculator of MyAssignmenthelp.com is at your fingertips.

Our online depreciation calculator has been designed using advanced algorithms that provide instant solutions and give you a step-by-step demonstration. But that isn’t the best part! What makes our straight-line depreciation calculator a favourite is that you get to use it for FREE.

Read on to know more about the features of our double-declining depreciation calculator.

What is Depreciation?

Know the basics from our experts

As per accounting terms, depreciation is the systematic and gradual decrease in the recorded cost of a fixed asset. With time, an asset loses its value and becomes zero. However, this rule doesn’t apply to land, the value of which only appreciates with time. As per the Matching Principle in Accountancy, depreciation is not calculated on the revenue generated by a fixed asset.

You need three factors when calculating depreciation. They are:

1. The useful life, which is the period over which the fixed asset was productive.
2. The salvage value of the fixed asset is the reduced value at which the organisation considers selling it beyond its useful life.
3. The cost of the asset which includes delivery and shipping costs, taxes, and installation charges.

If you feel you cannot get the hang of how to find depreciation, you can use our equipment depreciation calculator to learn the steps.

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How many types of depreciation are there?

Learn how to solve the depreciation equation with our calculator

There are four methods of ascertaining depreciation depending on the type of asset and factors leading it to its salvage value. You can use our straight-line depreciation calculator or double-declining depreciation calculator to understand how each method works.

Let us understand each type.

1. Straight-line depreciation method

This simple method involves allocating an even depreciation rate for the asset per year over its useful life. The depreciation equation for this method is:

Annual Depreciation = (cost of asset – salvage value) / active period for the asset

Although the equation is simple, one computational mistake can mess up the entire answer. Use our straight-line depreciation method calculator to solve the problems accurately.

2. Unit-of-production depreciation method

In this two-step process, you first need to calculate the equal expense rate for each unit produced. This method is primarily used in production lines where the calculation is based on the asset’s output capability rather than the active years. The depreciation value formula is calculated in two steps. They are:

Step 1: Calculation of per-unit depreciation

Per unit Depreciation = (cost of asset – salvage value) / active years in production

 Step 2: Calculation of the total depreciation of produced units

Total Depreciation Expense = depreciation per unit x units produced

You can also use a units-of-production depreciation rate calculator to find the value in a jiffy.

3. Double-declining depreciation method

This accelerated depreciation method considers an expense double the book value of the asset per year.

You can use the appreciation depreciation method calculator to find out the reduced value. Or, you can use this formula:

Depreciation = 2 x rate of depreciation as per the straight-line method x book value of the asset at the beginning of the accounting period

Here is how you have to ascertain the book value: Cost of the asset – accumulated depreciation

4. MACRS depreciation method

The MACRS depreciation system was formulated in the US and is used for tax purposes. Under this system, you can recover the capitalised cost of an asset over a period via annual deductions. The system has ascertained separate depreciation periods for different classes of fixed assets. This makes it all the more necessary to use a MACRS depreciation calculator for this purpose. Get accounting assignment help from top experts.

It is only reasonable that you get confused about which method and equation to use. In that case, feel free to use our depreciation value calculator for accurate results.

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Use our depreciation calculator to solve car, vehicle & auto depreciation

Use our depreciation expense calculator for the following:

• Understand the fundamentals – If you do not know how to find the depreciation of a car, you can use our car & vehicle depreciation calculator to understand how it is done.
• Use the right approach – Since there are different methods of ascertaining depreciation rate, which do you use for furniture or a house? Use our home or furniture depreciation calculator to learn the ropes.
• Avoid silly mistakes – If you have weak computational skills, you can use our auto depreciation calculator to avoid any silly mistakes.

Now that you have our online depreciation calculator at your fingertips, it is time to score well in your accounting papers.

Hire an Expert

Solve real estate & home depreciation equations with our depreciation calculator

Use the tool for free and get several perks as well

You certainly can use some extra time to relax, and that is exactly what our depreciation calculator can give you. Moreover, you can use our tool for FREE and save time and energy.

Here are a few benefits of using our depreciation expense calculator.

• What might take you several minutes to ascertain the depreciation rate can now be done in a few minutes with our depreciation value calculator.
• You can use our car depreciation calculator to solve several assignments without spending a penny.
• Our real-estate depreciation calculator does not make mistakes like humans and is always available to deliver INSTANT results.

To use our online depreciation calculator, all you have to do is feed in the values in the tool and click on the CALCULATE button to get the answers. You can download the solution in any format you like to understand the steps.

Bid farewell to all computational hurdles with our depreciation rate calculator! 

You can use our depreciation calculator for all kinds of assets

You can use our auto depreciation calculator to determine the depreciation rate for all types of fixed assets.

Here are some ways in which you can use our online depreciation calculator:

• As a straight-line method depreciation calculator
• As a double-declining depreciation calculator
• As a unit-of-production depreciation calculator
• As a MACRS depreciation calculator
• As a car depreciation calculator
• As a machinery depreciation calculator
• As a vehicle depreciation calculator
• As a home depreciation calculator
• As a furniture depreciation calculator
• As a real-estate depreciation calculator
• As a rental property depreciation calculator

Use the online tool from MyAssignmenthelp.com to solve worksheets quickly without making any mistakes.

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Most Popular FAQs Searched By Students :

Q.1. How to find depreciation?

Ans: To find out the depreciation of an asset, you need to know the useful life, the actual cost of acquisition and the salvage value of the asset. There are four methods of calculating depreciation depending on the type of asset and known value. You can simplify the process by using the depreciation calculator of MyAssignmenthelp.com for instant results.

Q.2. What is the depreciation value formula?

Ans: There are four ways of ascertaining the rate of depreciation for an asset, which are:

• Double declining method
• Units of production method
• Straight-line method
• MACRS method

Each method has a different formula for finding the depreciation value. You can use our depreciation calculator if you do not know which approach to use.

Q.3. Do you have native experts to solve depreciation equations?

Ans: Other than our depreciation calculator, we also have a team of native subject matter experts specialising in accounting. These experts know the accounting principles and financial laws of their country like the back of their hands. Share the requirements for your depreciation assignment, and we will assign the best expert for your order.

Q.4. Can the experts at MyAssignmenthelp.com solve all types of depreciation questions?

Ans: Yes, the experts at MyAssignmenthelp.com can solve all kinds of depreciation equations. Be it cars or furniture, house or machinery – we can solve it all. You can also use our depreciation calculator to find out the rate of depreciation for rental property, real estate, office equipment and other types of fixed assets.

Q.5. Is MyAssignmenthelp.com reliable enough to solve my depreciation equations?

Ans: Yes, MyAssignmenthelp.com is the first choice of more than 300k students. Here are some factors that make us a students’ favourite:

• Qualified subject matter experts with years of experience
• Perfect track record of deliveries
• Assurance of accurate solutions
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