{"id":23291,"date":"2023-08-24T14:20:28","date_gmt":"2023-08-24T14:20:28","guid":{"rendered":"https:\/\/swoopfunding.com\/us\/?page_id=23291"},"modified":"2024-04-30T10:07:51","modified_gmt":"2024-04-30T10:07:51","slug":"depreciation-calculator","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/us\/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=\"23291\" class=\"elementor elementor-23291\">\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 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.<\/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-cb0e23a elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"cb0e23a\" 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\": \"2024-04-30T10:07:51+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"AI\",\n              \"url\": \"https:\/\/swoopfunding.com\/us\/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\/us\/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. 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\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\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-0a5c223 elementor-widget elementor-widget-ucaddon_depreciation_calculator\" data-id=\"0a5c223\" 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:\/\/us.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-8418757 e-flex e-con-boxed e-con e-parent\" data-id=\"8418757\" 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-66de305 elementor-widget elementor-widget-heading\" data-id=\"66de305\" 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-0772b43 elementor-widget elementor-widget-text-editor\" data-id=\"0772b43\" 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<div class=\"elementor-element elementor-element-3c31f5b e-flex e-con-boxed e-con e-parent\" data-id=\"3c31f5b\" 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-057905d elementor-widget elementor-widget-template\" data-id=\"057905d\" 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=\"container\" data-elementor-id=\"21805\" class=\"elementor elementor-21805\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3f47a086 e-flex e-con-boxed e-con e-parent\" data-id=\"3f47a086\" 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-9304cdf elementor-widget elementor-widget-heading\" data-id=\"9304cdf\" 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\">All calculators<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2338508b elementor-widget elementor-widget-ucaddon_pages_related\" data-id=\"2338508b\" data-element_type=\"widget\" data-widget_type=\"ucaddon_pages_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t<div class=\"card-list-container\">\n\t\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/us\/business-loan-calculator\/401k-retirement-calculator\/\">\n\t\t\t401k retirement calculator\t\t<\/a>\n\t<\/div>\n\n\n\n\t<div 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data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d875f85 elementor-widget elementor-widget-heading\" data-id=\"d875f85\" 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-7a64d0f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7a64d0f\" 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:\/\/us.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<\/div>\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 internally on April 30, 2024. &times; How to calculate depreciation [&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 30, 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\/us\/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 30, 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\/us\/author\/artificial-intelligence\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/pages\/23291"}],"collection":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/comments?post=23291"}],"version-history":[{"count":17,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/pages\/23291\/revisions"}],"predecessor-version":[{"id":31365,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/pages\/23291\/revisions\/31365"}],"up":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/pages\/17791"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/media?parent=23291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}