Basic Depreciation Calculator

This calculator can be used to perform depreciation calculations for different depreciation methods without the use of half-year, mid-quarter, or mid-month conventions. Do not use this calculator for tax reporting.

Asset Depreciation Information

Asset Description Category Purchase Price (P) Salvage Value (Sn) Depreciation Period (n) Depreciation Method

9,000 200 5 DB

DB Factor
[42]

200%

Depreciation Schedule
Year 1 2 3 4 5 Depreciation 3,600.00 2,160.00 1,296.00 777.60 466.56 Cumulative 3,600.00 5,760.00 7,056.00 7,833.60 8,300.16 -

Book Value 5,400.00 3,240.00 1,944.00 1,166.40 699.84 -

MACRS Depreciation Rate Calculator

This calculator should not be used for tax reporting. The depreciation rate is calculated, but the calculated rate can be off by as much as 0.01% due to rounding. You should verify the rates with the official MACRS tables. Consult the official IRS publication to determine the Convention, Recovery Period, Asset Class, Depreciation Basis, and allowable Method.

Asset Depreciation Information

Asset Description Asset Class Depreciation Basis Recovery Period (n) Depreciation Method Convention Placed in Service Last Year of Depreciation

1,000 5 DB-SL Half-Year 4

6

DB Factor

200%

Depreciation Schedule
Year 1 2 3 4 5 6 Depreciation 200.00 320.00 192.00 115.20 115.20 57.60 Cumulative 200.00 520.00 712.00 827.20 942.40 1,000.00 Book Value 800.00 480.00 288.00 172.80 57.60 0.00

[42]

Rate (dj) 20.000% 32.000% 19.200% 11.520% 11.520% 5.760%

MACRS Depreciation Calculator

This calculator uses the depreciation basis reduction approach to calculate depreciation using MACRS conventions. This approach allows adjustments to be made to the basis within the depreciation schedule for purposes such as losses and improvements. Adjustments entered in year j affect the depreciation basis for year j. This calculator should not be used for official tax reporting.

Asset Depreciation Information

Asset Description Asset Class Depreciation Basis Recovery Period (n) Depreciation Method Convention Placed in Service Last Year of Depreciation First Year Fraction

7,500 7 SL Half-Year 1
8 0.5000

DB Factor

200%

Depreciation Schedule
Year
1 2 3 4 5 6 7 8

[42]

Adjustments
500

Basis
7,500.00 7,464.29 5,815.94 4,758.50 3,701.06 2,643.61 1,586.17 528.72

Dj (SL)
535.71 1,148.35 1,057.44 1,057.44 1,057.45 1,057.44 1,057.45 528.72

Dj (DB)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Depreciation
535.71 1,148.35 1,057.44 1,057.44 1,057.45 1,057.44 1,057.45 528.72

Cumulative
535.71 1,684.06 2,741.50 3,798.94 4,856.39 5,913.83 6,971.28 7,500.00

Book Value
6,964.29 5,815.94 4,758.50 3,701.06 2,643.61 1,586.17 528.72 0.00

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