---
title: "Straight-Line Depreciation Calculator + Schedule | MCC"
description: "Enter the cost, salvage value and life of an asset to see monthly and yearly straight-line depreciation and a full schedule by year. Free and private."
url: "https://mcc-solutionsnj.com/bookkeeping/depreciation-calculator"
---

Free tool

# Straight-line depreciation calculator

Enter what an asset cost, what it will be worth at the end, how many years it will last and when it went into service. See the yearly schedule.

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The asset

Cost ($)

Salvage value at the end ($)

Useful life (years)

Month it went into service

Prefer to talk it through? [Take the free books check](/bookkeeping/health-check) or [contact us](/contact).

How it works

## How it works

Depreciation per year equals the cost less the salvage value, divided by the useful life in years. The calculator figures the monthly amount and counts full months from the month the asset went into service, so the first and last years can be partial.

FAQ

## About this calculator

**What is straight-line depreciation?**

It spreads the cost of an asset, less its expected salvage value, evenly over its useful life. A $12,000 machine with no salvage value and a 5-year life loses $2,400 of value a year.

**What is salvage value?**

It is what you expect the asset to be worth at the end of its useful life. If you expect none, enter zero.

**Does this match tax depreciation?**

Not always. Tax rules often use different methods, lives and first-year rules. This calculator shows book depreciation. Ask your tax preparer what applies to you.

**How is the first year figured?**

The calculator counts full months from the month the asset was put into service, so an asset started in October gets three months in year one.

**Is anything saved?**

No. The math runs in your browser and nothing you enter is sent to us.

Setting up fixed assets in your books? Read the [bookkeeping guides](/bookkeeping/guides) or run the [books-ready check](/bookkeeping/is-my-quickbooks-ready-for-taxes). Guide: [depreciation basics for small business](/bookkeeping/guides/depreciation-basics-for-small-business). More free tools: [Project quote calculator](/bookkeeping/project-quote-calculator), [Percentage calculator](/bookkeeping/percentage-calculator), [Loan amortization schedule calculator](/bookkeeping/loan-amortization-schedule-calculator), or [see all free tools](/free-tools).

Free

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General information, not tax or legal advice. [How we write and check our tools](/editorial-standards).

Do it yourself

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Tallyfinch

### Books you keep on your own computer

Tallyfinch does invoices, bills, bank import, reconciliation and the main reports, in a file you own. $99 once, then $5 a month for updates; the app keeps working if you stop the plan. It does not do payroll or sales tax filing. The free download records up to 60 entries.

[See Tallyfinch](/bookkeeping/mcc-books-downloadable-bookkeeping-software) [Download it free](/tools/pro/trial/mccBooks) [Compare the three apps](/software)

## Need your fixed assets set up correctly?

[Free books check](/bookkeeping/health-check)[Call (908) 444-6373](tel:+19084446373)