Want to know how much your appliance has depreciated? Enter the original cost, useful life, and salvage value, and our Appliance Depreciation Calculator will show you the annual depreciation.
Appliance Depreciation Calculator
Appliance Depreciation Calculator
Component | Description |
---|---|
Purchase Price | The initial cost of the appliance. |
Useful Life | The expected lifespan of the appliance in years. |
Salvage Value | The estimated residual value of the appliance at the end of its useful life. |
Annual Depreciation | The amount by which the appliance’s value decreases each year. |
Formula | Annual Depreciation = (Purchase Price – Salvage Value) / Useful Life |
Purpose | Used to calculate the annual depreciation of an appliance, aiding in financial planning and asset management. |