Straight Line Depreciation Calculator

Depreciation is an accounting method used to record the expected decrease or diminution in the value of an asset due to general usage, wear and tear and obsolescence over a period of years.

In the Straight Line Depreciation method, the value of the asset is depreciated in a uniform manner over the lifespan of the asset. It is calculated using the following formula :

Annual Straight Line Depreciation = ( Value of the asset – Salvage value ) / Life of the asset in Years

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