Is the Depreciation Calculator free?
Yes. It is completely free, with no sign-up, no watermark, and no usage limits.
Does it use a specific currency?
No. Amounts are currency-neutral and use the same unit across all inputs, so it works in any country.
How does double declining balance work?
Each year depreciates the current book value at twice the straight-line rate (2 ÷ life), never going below salvage value. A $50,000 asset with a 5-year life loses 40%, $20,000, in year one.
Which depreciation method should I use?
Straight line spreads cost evenly and is the default for books. Accelerated methods front-load expense for assets that lose value fast. US tax returns use MACRS tables, which this calculator does not apply.