Depreciation Calculator
Generates a full depreciation schedule using either method:
- Straight-line: spreads (cost − salvage value) evenly across the useful life — the same depreciation amount every year.
- Declining balance: applies a fixed percentage rate to the remaining book value each year, producing larger depreciation early on and smaller amounts later — commonly used because many assets lose value faster when new.
Declining balance depreciation stops reducing book value below the salvage value, matching standard accounting practice.