Depreciation Calculator | diminishing value depreciation calculator Straight line Written Down Double Declining Balance Method Calculator Tool
| Year | Depreciation | Accumulated Depreciation | Asset Value |
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Calculate Depreciation By Percentage in Months:
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Calculate Depreciation By Percentage:
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Free Depreciation Calculator Tool (Explanation):
Best Depreciation Calculator Tool by Edaccountancy. It offers an accurate depreciation amount of the asset. Depreciation Calculator Tool provides a lots of benefits in terms of time and speed. This Tools help you
≻ Immediate Depreciation Amount of Asset
≻ Easy to use without knowing the formula of Depreciation
≻ Time Saving and speed
≻Accurate depreciation amount in just a second
And so many ways this tool helps you. The ultimate goal of this tool is giving the fast answer to every user.
Understanding Depreciation:
What is Depreciation?
In our Life, We use many assets which are some tangible and intangible. Such Assets are Machinery, Laptop, Furniture, Car, Building. We had purchased this Assets at some cost and using for number of years, during this useful life of assets we spread the cost over a number of year.
Meaning and Definition of Depreciation:
The word Depreciation is from Latin word "Depretium" which means reduction. Every business have some fixed assets which used in trading activities. These assets are purchased for business use and not for sale. Thus, every year this fixed assets value reduce as they are getting older so, the businessman also reduces the value of Assets in his Books of Accounts.
How to Use Depreciation Calculator Tool?
This are the Steps to use the depreciation calculator
1- Put the Cost of Asset in the first box
2- Salvage Value in the second box of the asset
3- Useful Life of Asset means from how may years you are using the asset (in years)
4- Choose the Method of Depreciation in which you want the asset depreciation amount.
How does This Depreciation Calculator Tool Calculate Depreciation?
Calculation of depreciation have various methods we have used
A - Straight Line Method
B - Double Declining Balance Or Diminishing Or Reducing Balance Or Written Down Method
C - Sum of Year Digit
By Calculating Straight Line Method, there is an formula for finding the amount of depreciation.
Depreciation = Original cost - scrap Value / Estimated life of the asset (in year)
Important Original cost of Asset = Purchasing Price of an Asset + other Charges made while purchasing of asset.
Now,
By Calculating using Double Declining Balance Or Diminishing Or Reducing Balance Or Written Down Method
This method is commonly used method by everyone. Under this method, depreciation is calculated at a certain percentage each year on the balance of the asset brought from the previous year.
Depreciation is charged by the rate of depreciation given. it is Calculated by using formula,
Depreciation = Cost of the Asset * Rate of Depreciation / 100
In this method sometimes the asset purchased in between the year for that we have (Life in Months) calculator.
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