Depreciation Calculator

Depreciation Calculator

Depreciation Calculator

Depreciation Calculator – Calculate Asset Depreciation in India

Looking for a fast and accurate depreciation calculator? Our Depreciation Calculator helps you calculate the depreciation of assets using the Straight Line Method (SLM) and Written Down Value (WDV) method. Whether you are a business owner, accountant, or student, this tool makes it easy to determine annual depreciation and the book value of assets at the end of their useful life.

How to Use the Depreciation Calculator

  1. Enter Asset Cost – Input the original purchase cost of your asset.
  2. Enter Salvage Value – Enter the estimated value of the asset at the end of its useful life.
  3. Enter Useful Life (Years) – Specify how many years the asset will be in use.
  4. Select Depreciation Method – Choose from:
    • Straight Line Method (SLM) – Depreciation is spread evenly across years.
    • Written Down Value (WDV) – Depreciation is calculated on the reducing balance each year.
  5. Enter Depreciation Rate (For WDV Only) – Provide the annual depreciation rate in percentage for WDV calculation.
  6. Click Calculate – Instantly get:
    • Annual Depreciation Amount
    • Book Value at the End of Useful Life

You can reset the calculator anytime to compute depreciation for multiple assets.

Depreciation Methods in India

1. Straight Line Method (SLM)

SLM spreads the depreciation evenly over the useful life of the asset. It is simple and commonly used in accounting for fixed assets.

Formula: Annual Depreciation = (Cost of Asset – Salvage Value) / Useful Life (Years)

2. Written Down Value (WDV)

WDV calculates depreciation on the reducing balance of the asset every year. It is widely used for tax purposes in India.

Formula: Book Value at Year End = Asset Cost × (1 - Depreciation Rate/100)^Years

Why Use Our Depreciation Calculator?

  • Accurate & Quick – Avoid manual calculations and errors.
  • Supports SLM & WDV – All popular methods used in India.
  • User-Friendly – Works on desktop and mobile devices.
  • Free & Online – Calculate depreciation anytime, anywhere.
  • Helpful for Businesses & Students – Ideal for accountants, company owners, and learners.

Frequently Asked Questions (FAQ)

Q1. What is depreciation?
Depreciation is the reduction in the value of an asset over time due to wear and tear, usage, or obsolescence.

Q2. Which method is better: SLM or WDV?

  • SLM: Best for assets with consistent usage.
  • WDV: Best for assets that lose value faster initially (used for tax purposes).

Q3. Can I calculate depreciation for any asset?
Yes, this calculator works for vehicles, machinery, electronics, furniture, and other fixed assets.

Q4. Is this calculator mobile-friendly?
Yes, it is designed to work perfectly on mobile, tablet, and desktop devices.