Is the Straight Line 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.
What is the straight-line depreciation formula?
(Cost − salvage value) ÷ useful life. A $12,000 machine worth $2,000 after 5 years depreciates $2,000 a year, or $166.67 a month.
When is straight-line depreciation used?
For assets that wear out evenly, such as furniture, buildings and most office equipment. It is the simplest method and the most common one in financial statements.