Accelerate Your Depreciation: Double Declining Balance Calculator
Double Declining Balance Depreciation Calculator
Calculate the annual depreciation expense for an asset using the Double Declining Balance method, providing a year-by-year schedule.
Input Your Data
The initial cost of the asset.
The estimated residual value of the asset at the end of its useful life.
The estimated number of years the asset will be used.
Summary Results
Total Depreciable Amount:
$0.00
The portion of the asset's cost that will be depreciated.
Total Accumulated Depreciation:
$0.00
The total depreciation over the asset's useful life.
Book Value at End of Life:
$0.00
The asset's value remaining after all depreciation.
Depreciation Schedule (Year-by-Year)
| Year | Beginning Book Value | Depreciation Expense | Accumulated Depreciation | Ending Book Value |
|---|
Enter values and click 'Calculate' to see the schedule.
How It Works
- Enter the initial cost of the asset.
- Input the estimated salvage value (what the asset is worth at the end of its useful life).
- Provide the estimated useful life of the asset in years.
- Click "Calculate" to see the full depreciation schedule and summary results.
- The "Clear" button will reset all fields and the schedule.
Formula for Depreciation Rate: (1 / Useful Life) × 2
Formula for Annual Depreciation: (Beginning Book Value) × Depreciation Rate
Note: The depreciation amount is adjusted in later years to ensure the asset's book value does not fall below its salvage value.
