How to Calculate Asset Depreciation:
- Enter the initial purchase price (the amount you purchased the asset for)
- Enter the salvage value (how much you expect you'll be able to sell the asset for when you're done using it)
- Adjust the life of asset slider to the number of years you expect the asset will last or the number of years you plan to use the asset for.
The calculator will display how the asset will depreciate over time, the depreciable asset value, the yearly depreciation rate, and the annual depreciation.