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Double Declining Balance Calculator to Calculate Depreciation

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Double Declining Balance Calculator Sign
Double Declining Balance Calculator

This calculator will help you to instantly calculate the double declining depreciation rate and expense amount for a given tax year. Includes an option for including a year-by-year depreciation schedule in the results, as well as a button to open the schedule in a printer friendly window. The Learn tab includes:

  • What is the double declining balance (DDB) method?
  • How to calculate depreciation using the DDB method.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Asset name:Asset name:Asset name (optional):Asset name (optional):

Asset name (optional text):

If you would like the name of the asset, or General Asset Account (GAA), included in the title of the depreciation schedule, enter the name in this field.

Purch cost:Purchase cost:Purchase or acquisition cost:Purchase or acquisition cost:

Purchase or acquisition cost:

Enter the total cost to acquire the asset, or the adjusted basis. Enter the amount without dollar sign or any commas.

Salvage val:Salvage value:Salvage value at end recovery period:Salvage value at end recovery period:

Salvage value at end of recovery period:

Enter the expected salvage value (also known as residual value) of the asset at the end of its recovery period (without dollar sign or commas). If you expect the asset to be worthless at the end of its recovery period, enter a zero. Note that the double declining balance method ignores the salvage value for as long the book value remains higher than the salvage value.

Recover yrs:# recover years:Number of recovery years:Number of years to recover cost:

Number of years to recover cost:

Enter the number of years you expect this asset to be in service for. Note that in order to depreciate the asset it will need to be in service for more than 1 year.

Month and year in service:Month and year placed in service:Month and year placed in service:Month and year placed in service:

Month and year asset placed in service:

Select the month and enter the 4-digit year indicating when the property was first placed in service.

Deprec year:Depreciation year:Year to calculate depreciation for:Year to calculate depreciation expense for:

Year to calculate depreciation expense for:

Enter the 4-digit year you would like the calculator to calculate the depreciation expense for.

Round:Round results:Round results to nearest dollar:Round results to nearest dollar:

Round results:

If you will be printing out the depreciation schedule, indicate whether or not you want to round the currency amounts in the report to the nearest dollar.

Schedule:Include schedule:Include depreciation schedule:Include depreciation schedule:

Include depreciation schedule:

If you would like a depreciation schedule included in the results so you can print it out, move the slider to the "Yes" position.

Base:Depreciable base:Depreciable base:Depreciable base:

Depreciable base:

This is the difference between the acquisition cost (adjusted basis) and the salvage value.

Deprec %:Depreciation %:Depreciation percentage for entered year:Depreciation percentage for entered year:

Depreciation percentage for entered year:

This is the double declining rate used by the calculator for the selected year. If the selected year is either the first or final year, the percentage will be prorated based on what month of the year the asset was placed in service.

Deprec exp:Depreciation exp:Depreciation expense for entered year:Depreciation expense for entered year:

Depreciation expense for entered year:

This is the calculated depreciation expense for the selected year. If the selected year is either the first or final year, the depreciation expense will be prorated based on what month of the year the asset was placed in service.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.