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Straight Line Depreciation Calculator with Printable Expense Schedule

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Straight Line Depreciation Calculator Sign
Straight Line Depreciation Calculator

This calculator will help you to quickly calculate a depreciable asset's first, final, and interim expense amounts using the straight line depreciation method. Includes an option for including a 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 depreciation?
  • What is the straight line method?
  • How to calculate SLD.
  • Small business owners beware!
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, whichever is the lesser amount (without dollar sign or any commas). If you are adjusting the depreciation schedule for over or under-reporting depreciation in prior years, enter the remaining depreciable base.

Salvage val:Salvage value:Salvage value at end of useful life:Salvage value at end of useful life:

Salvage value at end of useful life:

Enter the expected salvage value (also known as residual value) of the asset at the end of its useful life. Enter without dollar sign or any commas. If you expect the asset to be worthless at the end of its useful life, enter a zero.

Useful years:# useful years:Number of years in useful life:Number of years in useful life:

Number of years in useful life:

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.

1st months:1st yr months left:Months left in first useful life period:Months remaining in first useful life period:

Months remaining in first useful life period:

If you placed the asset in service mid-year, enter the number of months that were remaining in year. Otherwise, if the asset was in service the entire first year, enter 12.

Year in svc:Year in service:Year asset placed in service:Year asset placed in service:

Year asset placed in service (YYYY, optional):

If you would like the year included in the depreciation schedule, enter the 4-digit year that the asset was placed in service. Leaving this field blank will simply number the years (1, 2, 3, etc.).

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.

1st yr exp:1st year expense:First year depreciation expense:First year depreciation expense:

First year depreciation expense:

This is the prorated depreciation expense for the first year the asset was placed in service.

Mid-yrs exp:Mid-years expense:Mid-years annual depreciation expense:Mid-years annual depreciation expense:

Mid-years annual depreciation expense:

This is the annual depreciation that will be expensed in the years between the first and final year of service.

Final yr exp:Final year expense:Final year depreciation expense:Final year depreciation expense:

Final year depreciation expense:

This is the depreciation that can be expensed for the asset in its final year of 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.