This calculator will calculate the rate and expense amount for a personal or real property for a given year.
The calculation is based on the Modified Accelerated Cost Recovery method as described in Chapter 4 of IRS Publication 946 - How To Depreciate Property.
Plus, the calculator also gives you the option to include a year-by-year depreciation schedule in the results -- along with a button to open the schedule in a printer friendly window.
Note that if you would like an answer to "What is Depreciation?", or you would like to learn about and/or calculate straight line depreciation, please visit the SLD Calculator.
Or if you would like to learn about and/or calculate Double Declining Balance depreciation, please visit the DDB Calculator.