{"id":27606,"date":"2023-08-24T14:20:28","date_gmt":"2023-08-24T14:20:28","guid":{"rendered":"https:\/\/swoopfunding.com\/ca\/?page_id=27606"},"modified":"2024-04-02T14:55:30","modified_gmt":"2024-04-02T14:55:30","slug":"depreciation-calculator","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/depreciation-calculator\/","title":{"rendered":"Depreciation calculator (straight-line method)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"27606\" class=\"elementor elementor-27606\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d92d0d2 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d92d0d2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-414f453\" data-id=\"414f453\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8be4e79 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8be4e79\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3e79918\" data-id=\"3e79918\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7980883 elementor-widget elementor-widget-heading\" data-id=\"7980883\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Depreciation calculator (straight-line method)<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38b62df elementor-widget elementor-widget-text-editor\" data-id=\"38b62df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>This calculator can be used to calculate the depreciation expense of an <a href=\"https:\/\/swoopfunding.com\/ca\/business-glossary\/asset\/\">asset<\/a> over its useful life using the straight-line method. The straight-line method evenly spreads the cost of an asset over its expected useful lifespan.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-722af82 elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"722af82\" data-element_type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"Depreciation calculator (straight-line method)\",\n          \n          \"datePublished\": \"2023-08-24T14:20:28+00:00\",\n          \"dateModified\": \"2024-04-02T14:55:30+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"AI\",\n              \"url\": \"https:\/\/swoopfunding.com\/ca\/author\/artificial-intelligence\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/themes\/swoopMW50\/assets\/icons\/swoop-icon-min.svg\" width=\"32\" height=\"32\">\n <\/div>\n \n <div class=\"info-right\" style=\"justify-content: left;\">\n <p><span>Page written by AI. Reviewed internally on April 2, 2024.<\/span><\/p>\n <\/div>\n\n <\/div>\n<\/div>\n\n\n<div class=\"modal fade modal-form modal-user\" id=\"modal-user\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"modal-user\" aria-hidden=\"true\">\n <div class=\"modal-dialog\" role=\"document\">\n\n <div class=\"modal-content\">\n <div class=\"modal-header\">\n <button type=\"button\" class=\"close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <span aria-hidden=\"true\">&times;<\/span>\n <\/button>\n <\/div>\n <div class=\"modal-body\">\n \n \n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-926cf5e elementor-hidden-mobile\" data-id=\"926cf5e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d6f9029 elementor-widget elementor-widget-image\" data-id=\"d6f9029\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2022\/04\/image-calculator.jpg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-2b4c344 e-flex e-con-boxed e-con e-parent\" data-id=\"2b4c344\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23e27b7 elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"23e27b7\" data-element_type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n \n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5717209 elementor-widget elementor-widget-heading\" data-id=\"5717209\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to calculate depreciation (straight-line method)<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6beb613 elementor-widget elementor-widget-text-editor\" data-id=\"6beb613\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Here&#8217;s how you can calculate depreciation using the straight-line method:<\/p><ol><li>Determine the cost of the asset.<\/li><li>Estimate the salvage value (the value of the asset at the end of its useful life).<\/li><li>Calculate the depreciable cost by subtracting the salvage value from the cost of the asset: Depreciable Cost = Cost of Asset &#8211; Salvage Value.<\/li><li>Determine the useful life of the asset in years.<\/li><li>Divide the depreciable cost by the useful life to calculate the annual depreciation expense: Annual Depreciation Expense = Depreciable Cost \/ Useful Life.<\/li><\/ol><p>A depreciation calculator using the straight-line method typically requires you to input the cost of the asset, salvage value, and useful life. The calculator then provides you with the annual depreciation expense.<\/p><p>Using this method, the asset&#8217;s value is reduced by the same amount each year, providing a systematic way to account for the reduction in value over time. This is a common method used in accounting to allocate the cost of assets and determine their book value.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a2df328 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a2df328\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0de743c\" data-id=\"0de743c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7f89b0d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f89b0d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-63e224a\" data-id=\"63e224a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fda6f5b elementor-widget elementor-widget-ucaddon_depreciation_calculator\" data-id=\"fda6f5b\" data-element_type=\"widget\" data-widget_type=\"ucaddon_depreciation_calculator.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n \n <div class=\"form-calculator\">\n <div class=\"left_column\">\n <form id=\"depreciation-calculator\">\n\n <div class=\"form-group\">\n <label for=\"historicalCost\">Historical cost of goods<\/label>\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">$<\/span>\n <\/div>\n <input type=\"text\" id=\"historicalCost\" name=\"historicalCost\" class=\"form-control mask-money\" value=\"10000\" aria-label=\"Historical cost of goods\" inputmode=\"numeric\" required>\n <div class=\"input-group-append\">\n <span class=\"input-group-text\">.00<\/span>\n <\/div>\n <\/div>\n <\/div>\n \n <div class=\"form-group\">\n <div class=\"label_and_numbers\">\n <label for=\"usefulLife\">Useful life<\/label>\n <div class=\"tag-number\">\n <span id=\"usefulLifeValue\" class=\"value-tag\">-<\/span> years <\/div>\n <\/div>\n <div class=\"input-group mb-3\">\n <input type=\"range\" class=\"slider\" id=\"usefulLife\" name=\"usefulLife\" value=\"3\" min=\"1\" max=\"20\" step=\"1\">\n <\/div>\n <\/div>\n\n <\/form>\n\n <p class=\"note-calculator\">This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.<\/p>\n\n <\/div>\n <div class=\"right_column\">\n\n <p class=\"title\">Your results<\/p>\n \n <div class=\"show-number\">\n <p class=\"title-result\">Annual depreciation amount<\/p>\n <p class=\"number-result\">$<span id=\"annualDepreciationAmount\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Monthly depreciation amount<\/p>\n <p class=\"number-result\">$<span id=\"monthlyDepreciationAmount\">-<\/span><\/p>\n <\/div>\n\n <div class=\"show-number\">\n <p class=\"title-result\">Depreciation period<\/p>\n <p class=\"number-result\"><span id=\"depreciationPeriod\">-<\/span> months<\/p>\n <\/div>\n\n <a href=\"https:\/\/app.swoopfunding.ca\/stage\/\" class=\"btn btn-lg btn-dark btn-block\" target=\"_blank\" rel=\"noopener\">Get a quote<\/a>\n\n <\/div>\n <\/div>\n\n \n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-1597dfb 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offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/covid-19-2\/\">COVID-19 <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/team\/daire-burke\/\">Daire Burke <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/debt-service-coverage-ratio-dscr-calculator\/\">Debt service coverage ratio calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/depreciation-calculator\/\">Depreciation calculator (straight-line method) <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/development-finance-calculator\/\">Development finance calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/disclosure\/\">Disclosure <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/asset-finance\/dump-truck-finance\/\">Dump truck financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/easy-business-loans\/\">Easy business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/ebitda-calculator\/\">EBITDA calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/ecommerce-financing\/\">Ecommerce financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/editorial-policy\/\">Editorial policy <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/asset-finance\/equipment-financing\/\">Equipment financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/asset-finance\/equipment-leasing\/\">Equipment leasing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/equity-financing\/equity-crowdfunding\/\">Equity crowdfunding <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/equity-financing\/\">Equity financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/event-form\/\">Event form <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/asset-finance\/excavator-finance\/\">Excavator financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/f45\/\">F45 <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/finance-lease-vs-operating-lease\/\">Finance lease vs. operating lease \u2013 what\u2019s the difference? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/flexible-finance\/\">Flexible finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/asset-finance\/forklift-finance\/\">Forklift financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/franchise-finance\/\">Franchise finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/franchise-loan-calculator\/\">Franchise loan calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/funding-your-franchise-a-guide-for-franchisees\/\">Funding your franchise: a guide for franchisees <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-grants\/grant-advance-funding\/\">Grant advance funding <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/grants-newsletter-growth-sustainability-and-jobs-in-manufactoring-jobs-your-latest-grants-news\/\">Grants newsletter: growth, sustainability and jobs in manufacturing &#8211; your latest grants news <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/grants-newsletter-help-with-agriculture-energy-development-and-jobs\/\">Grants newsletter: help with agriculture, energy, development and jobs <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/\">Homepage <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/how-swoop-works\/\">How Swoop works <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-agree-to-a-business-sale-price\/\">How to agree to a business sale price <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-buy-a-business\/\">How to buy a business <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-buy-a-business-with-bad-credit\/\">How to buy a business with bad credit <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-calculate-ebitda\/\">How to calculate EBITDA <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-calculate-the-cost-of-debt\/\">How to calculate the cost of debt <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-conduct-due-diligence-for-a-business-acquisition\/\">How to conduct due diligence for a business acquisition <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-finance-a-business-acquisition\/\">How to finance a business acquisition <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-find-a-business-acquisition-broker\/\">How to find a business acquisition broker <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-find-a-business-to-buy\/\">How to find a business to buy <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-get-a-business-loan-with-bad-credit\/\">How to get a business loan with bad credit <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/startup-loans\/how-to-get-a-startup-loan\/\">How to get a startup loan <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/equity-financing\/how-to-get-investors-to-say-yes\/\">How to get investors to say \u201cyes\u201d <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-plan-for-buying-a-business\/\">How to plan for buying a business <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-survive-a-recession\/\">How to survive a recession <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-use-vendor-financing-to-buy-a-business\/\">How to use vendor financing to buy a business <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-value-a-company\/\">How to value a company <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-write-letter-of-intent-loi\/\">How to write a letter of intent (LOI) for business acquisition <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/how-to-write-an-invoice\/\">How to write an invoice <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/team\/ian-hawkins\/\">Ian Hawkins <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/in-the-press\/\">In the press <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/inflation-calculator\/\">Inflation calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/internal-rate-of-return-calculator\/\">Internal rate of return calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/invoice-discounting\/\">Invoice discounting <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/invoice-factoring\/\">Invoice factoring <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/invoice-finance\/\">Invoice finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/invoice-finance-calculator\/\">Invoice finance calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/invoice-finance-simply-explained-by-swoop\/\">Invoice Finance simply explained by Swoop <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/is-now-the-best-time-to-start-a-business-no-but-that-shouldnt-stop-you\/\">Is now the best time to start a business? (No &#8211; but that shouldn\u2019t stop you) <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/islamic-business-finance\/\">Islamic business finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/team\/kerry-dwyer\/\">Kerry Dwyer <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/large-business-loans\/\">Large business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/asset-finance-calculator\/lease-calculator\/\">Lease calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/line-of-credit-calculator\/\">Line of credit calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/loss-ratio-calculator\/\">Loss ratio calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/management-buyout\/\">Management buyouts <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/marginal-cost-calculator\/\">Marginal cost calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-grants\/match-funding\/\">Match funding for grants explained \u2013 what is it? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/merchant-cash-advance\/\">Merchant cash advance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/merchant-cash-advance-calculator\/\">Merchant cash advance (MCA) calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/mezzanine-finance\/\">Mezzanine finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/mortgage-overpayment-calculator\/\">Mortgage overpayment calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/net-profit-margin-calculator\/\">Net profit margin calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/no-collateral-business-loans\/\">No collateral business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/no-credit-check-business-loans\/\">No credit check business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/mental-health-as-a-business-owner\/\">Nurturing your mental health: 9 ways to manage mental health as a business owner <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/operating-margin-calculator\/\">Operating margin calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/partner-with-us\/\">Partner with us <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/paypal-fee-calculator\/\">PayPal fee calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/percentage-calculator\/\">Percentage calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/pre-money-valuation-calculator\/\">Pre money valuation calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/price-elasticity-of-demand-calculator\/\">Price elasticity of demand calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/price-per-square-foot-calculator\/\">Price per square foot calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/price-to-earnings-calculator\/\">Price to earnings calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/privacy-policy\/\">Privacy policy <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/pros-and-cons-of-buying-a-business-is-it-right-for-you\/\">Pros and cons of buying a business: is it right for you? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/purchase-order-financing\/\">Purchase order financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/putting-off-completing-your-tax-return-read-this\/\">Putting off completing your tax return? Read this <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/quick-business-loans\/\">Quick business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/rate-of-return-calculator\/\">Rate of return calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/f45\/recovery-equipment\/\">Recovery equipment <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/refinance-calculator\/\">Refinance calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/rent-vs-buy-calculator\/\">Rent vs. buy calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/return-on-capital-employed-calculator\/\">Return on capital employed calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/return-on-investment-calculator\/\">Return on investment calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/revenue-calculator\/\">Revenue calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/team\/rhys-cunnah\/\">Rhys Cunnah <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/saas-finance\/\">SaaS finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/sage\/\">Sage <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/sage\/ceba-loan-forgiveness\/\">Sage CEBA loan forgiveness <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loan-calculator\/sales-tax-calculator\/\">Sales tax calculator <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/team\/sam-horner\/\">Sam Horner <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/team\/sam-tasker-grindley\/\">Sam Tasker Grindley <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/same-day-business-loans\/\">Same-day business loan <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/sectors\/\">Sectors <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/secured-business-loans\/\">Secured\u00a0business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/secured-vs-unsecured-business-loans\/\">Secured vs. unsecured business loans \u2013 what\u2019s best for my business? 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The year ahead &#8211; according to Swoop <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/blog\/women-mean-business-support-canadas-female-led-smes\/\">Women mean business: support Canada\u2019s female-led SMEs <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/working-capital-loans\/\">Working capital loans\u00a0\u2013what are they &#038; how do I get one? <\/a>\n <\/li>\n <\/ul>\n <div class=\"container_bt\">\n <a class=\"bt_see_more\" href=\"javascript:void(0);\">See more<\/a>\n <\/div>\n <div id=\"grey-out\"><\/div>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a8737e3 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"a8737e3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9c34cf5\" data-id=\"9c34cf5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0305da0 elementor-widget elementor-widget-template\" data-id=\"0305da0\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"11997\" class=\"elementor elementor-11997\">\n\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f19513 e-con-full e-flex e-con e-parent\" data-id=\"5f19513\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-565afd7 e-flex e-con-boxed e-con e-child\" data-id=\"565afd7\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7f5fdee e-con-full e-flex e-con e-child\" data-id=\"7f5fdee\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6179649 elementor-widget elementor-widget-heading\" data-id=\"6179649\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Ready to grow your business?<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d271e19 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"d271e19\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/app.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Depreciation calculator (straight-line method) This calculator can be used to calculate the depreciation expense of an asset over its useful life using the straight-line method. The straight-line method evenly spreads the cost of an asset over its expected useful lifespan. Page written by AI. Reviewed by Ciaran Burke on April 2, 2024. Ciaran Burke COO [&hellip;]<\/p>\n","protected":false},"author":88,"featured_media":0,"parent":17791,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable":"<p>Depreciation calculator (straight-line method) This calculator can be used to calculate the depreciation expense of an asset over its useful life using the straight-line method. The straight-line method evenly spreads the cost of an asset over its expected useful lifespan. Page written by AI. Reviewed internally on April 2, 2024. &times; How to calculate depreciation (straight-line method) Here&#8217;s how you can calculate depreciation using the straight-line method:Determine the cost of the asset.Estimate the salvage value (the value of the asset at the end of its useful life).Calculate the depreciable cost by subtracting the salvage value from the cost of the&hellip;<\/p>\n","category_list":"","author_info":{"name":"AI","url":"https:\/\/swoopfunding.com\/ca\/author\/artificial-intelligence\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>Depreciation calculator (straight-line method) This calculator can be used to calculate the depreciation expense of an asset over its useful life using the straight-line method. The straight-line method evenly spreads the cost of an asset over its expected useful lifespan. Page written by AI. Reviewed internally on April 2, 2024. &times; How to calculate depreciation (straight-line method) Here&#8217;s how you can calculate depreciation using the straight-line method:Determine the cost of the asset.Estimate the salvage value (the value of the asset at the end of its useful life).Calculate the depreciable cost by subtracting the salvage value from the cost of the&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"AI","url":"https:\/\/swoopfunding.com\/ca\/author\/artificial-intelligence\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/27606"}],"collection":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/comments?post=27606"}],"version-history":[{"count":21,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/27606\/revisions"}],"predecessor-version":[{"id":30469,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/27606\/revisions\/30469"}],"up":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/17791"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/media?parent=27606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}