Straight Line Depreciation Calculator

Calculate straight line depreciation. Determine annual depreciation expense for tax and accounting purposes.

Straight line depreciation spreads an asset's cost evenly over its useful life. It's the simplest and most commonly used depreciation method for accounting and tax purposes.

Calculator

$
$
Annual Depreciation
$0.00
Monthly Depreciation
$0.00
Depreciable Amount
$0.00
Depreciation Rate
100.00%

Common use cases

  • Financial statement preparation
  • Tax deduction planning
  • Asset management
  • Budgeting and forecasting

How to use

  1. Enter the total cost of the asset
  2. Input the expected salvage value at end of life
  3. Specify the useful life in years
  4. View annual and monthly depreciation

FAQ

When should I use straight line depreciation?

Use it when an asset provides equal benefit each year. It's simple and acceptable for most assets.

What is salvage value?

The estimated value of the asset at the end of its useful life, also called residual or scrap value.

Can I change depreciation methods?

Changes require disclosure and may need IRS approval for tax purposes. Consult an accountant.

This calculator provides illustrative estimates for planning purposes only and does not constitute financial, tax, or legal advice.