Reviewed by Charlene Rhinehart Fact checked by Vikki Velasquez Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the ...

Here are the steps to calculate monthly straight-line depreciation: First subtract the asset's salvage value from its cost, in order to determine the amount that can be depreciated.

Accelerated depreciation allows businesses to write off the cost of an asset more quickly than the traditional straight-line method.

How to Calculate Depreciation Using Excel. Two common ways of calculating depreciation are the straight-line and double declining balance methods. Excel can accomplish both using the SLN function ...

Straight-line depreciation is calculated by subtracting the salvage value from the asset’s cost and dividing it by the years estimated for its useful life.

In order to calculate basic depreciation, a company just needs two numbers: the initial cost of the asset and its estimated “useful life.” The straight-line method of calculating depreciation ...

How to Calculate Tax Depreciation. Typically, companies calculate depreciation for their own purposes using a method called straight-line depreciation. This method takes the acquired cost of the ...

The example laptop would depreciate $180 the first year, which is 10% — the annual rate of straight-line depreciation – times double the $900 depreciable value or $1,800.

When teaching depreciation in Introduction to Accounting, faculty always cover a variety of different depreciation methods, including straight-line depreciation. Next time you teach this topic, build ...

With the straight-line method, you choose to depreciate your property an equal amount for each year over its useful life span. Here are the steps to calculate monthly straight-line depreciation: ...