Straight Line Depreciation Schedule Calculator

Depreciation represents the reduction in value of a long term asset due to wear and tear and is a cost to a business. This calculator produces a straight line depreciation schedule setting out how the cost of an asset is written down to its salvage value using the straight line method of depreciation.

What does it do?

This straight line depreciation schedule template can be used to calculate the depreciation expense for an asset for up to a maximum term of 3,650 periods. The calculator will produce a depreciation schedule setting out for each period, the beginning asset balance starting with the cost of the asset, the depreciation expense for the period, and the ending net book value of the asset.

In addition, the calculator will also calculate the useful life of the asset representing the number of periods taken to reduce the asset from its original cost to its estimated salvage value based on the straight line depreciation rate provided.

Instructions

The Excel depreciation calculator, available for download below, is used to produce a straight line depreciation schedule by entering details relating to the cost and salvage value of the asset and the straight line depreciation rate.

straight line depreciation schedule v 1.0
Straight Line Depreciation Schedule Preview

The straight line depreciation schedule calculator is used as follows:

Step 1

Enter the cost of the asset. The cost of the asset can be found in the long term asset account, asset register, or on the original source document (invoice) for the asset.

Step 2

Enter the salvage value. The salvage or residual value is the amount the asset is expected to be worth at the end of its useful life.

Step 3

Enter the straight line depreciation rate to be used on the asset. The depreciation rate entered is for a period. For example, if the period is defined as a year, the depreciation rate entered must be for a year (e.g. 24% a year). If the period is defined as a month then enter the appropriate rate for a month (e.g. 2% a month). The calculator can deal with any length period (quarter, week, day etc.) provided the appropriate rate is entered.

The straight line depreciation schedule calculator works out the useful life of the asset based on the information entered. The asset life is the number of periods (years, months etc.) over which the asset is reduced from its original cost to its salvage value at the rate of depreciation entered.

In addition, the calculator provides a straight line depreciation schedule setting out for each period the beginning asset balance starting with the cost of the asset, the depreciation expense, and the ending net book value of the asset for each period of the assets useful life.

Straight Line Depreciation Schedule Calculator Download

The straight line depreciation schedule template is available for download in Excel format by following the link below.

The straight line depreciation schedule calculator is one of many financial calculators used in bookkeeping and accounting, discover another at the links below.

Notes and major health warnings
Users use this straight line depreciation schedule calculator template at their own risk. We make no warranty or representation as to its accuracy and we are covered by the terms of our legal disclaimer, which you are deemed to have read. This is an example of an fixed asset depreciation schedule calculator that you might use. It is a purely illustrative fixed asset depreciation schedule. This is not intended to reflect general standards or targets for any particular company or sector. If you do spot a mistake in the straight line depreciation schedule excel template, please let us know and we will try to fix it.
Straight Line Depreciation Schedule Calculator May 9th, 2017Team

You May Also Like


Related pages


computing gross profithow to calculate markup percentage formulajournal entry for uncollectible accountsmirr finance ratemeaning of bills receivable and bills payabledamaged inventory journal entryamortization schedule examplebookkeeping transactionslifo costfactory overhead volume varianceaccumulated other comprehensive income journal entryreorder point calculation formulaaccrued expenses examplewhat is inventory turnover ratio formulaaccounts payable example entryformula for credit salespv table annuity duesample payroll sheetsimple bookkeeping excel templatepresent value of a lump sum formulabookkeeper dictionaryblank ledgerfinancial accounting practice exercisesformula for stockholders equityaccounting rate of return calculatorpetty cash entrieshow to calculate inventory in balance sheetwhat is days sales in receivablesissuance of common sharesthe degree of operating leverage is computed asannuity value formulacontribution margin ratio calculatoraccount payable test freepartnership accounting basicswithout recourse factoringsingle step income statement exampleaccrued expenses and deferred incomea dividend preference for preferred stock means thatcreditors reconciliation templateshrinkage accountingaccounting t chartscalculate stock turnovercurrent assets debtorscontra note samplehow to calculate write offs150 double declining balance depreciation calculatorif a company fails to record estimated bad debts expensethe monetary unitformula for present value of annuityaccounting for rental depositsaccrued taxes journal entryretained earnings equationunpaid balance calculatordebit unearned revenueallowance for bad debtshow to compute for net salesaccounting cash receipts journalchart of accounts examples manufacturingwhat is an unadjusted trial balancefinance lease journal entries lessorunearned revenue accountsimple cash book templateadjustments for unearned revenuecash disbursement budget examplebookkeeping reconciliationnpv perpetuityaccrued expenses vs accounts payablelifo vs fifo inventoryfuture value annuity calculatorpayroll accounting basicseffective annual rate of interest formulaformula for double declining balancecost variance examplepayback period online calculatordouble entry diary template