Appliance Depreciation Calculator
Calculate remaining value, annual depreciation, and replacement timelines for home or commercial appliances.
Annual Depreciation
$110.00
Remaining life 6.0 yrs
Current Book Value
$760.00
Accumulated depreciation $440.00
Method Insights
Straight-line spreads the appliance cost evenly across its useful life—ideal for budgeting predictable annual expenses.
| Year | Depreciation | Book Value (End) |
|---|---|---|
| 1 | $110.00 | $1,090.00 |
| 2 | $110.00 | $980.00 |
| 3 | $110.00 | $870.00 |
| 4 | $110.00 | $760.00 |
| 5 | $110.00 | $650.00 |
| 6 | $110.00 | $540.00 |
| 7 | $110.00 | $430.00 |
| 8 | $110.00 | $320.00 |
| 9 | $110.00 | $210.00 |
| 10 | $110.00 | $100.00 |
How to Use This Calculator
Gather appliance details
Collect purchase price, estimated lifespan, and salvage value from invoices, warranty paperwork, or IRS guidelines.
Enter current age and select method
Use straight-line for consistent yearly expense or double-declining to front-load depreciation on rapidly aging equipment.
Review book value & schedule
Use the results to plan replacement budgets, insurance coverage, or tax deductions.
Formula
Straight-line: Annual Depreciation = (Cost − Salvage) ÷ Lifespan
Double-declining: Annual Depreciation = Book Value × (2 ÷ Lifespan)
Example: $1,200 refrigerator, $100 salvage, 10-year life → Straight-line: $110/year. After 4 years, book value ≈ $760.
Example: Same appliance, double-declining → Year 1: $240, Year 2: $192, Year 3: $153.6, Year 4: $122.9, remaining balance ≈ $491.
About the Appliance Depreciation Calculator
Appliances lose value over time due to wear, efficiency loss, and technology changes. Tracking depreciation helps homeowners, landlords, and businesses plan replacements and maximize deductions.
When to Use This Calculator
- Home upgrades: Estimate remaining value before selling or donating appliances.
- Rental management: Track asset value for insurance coverage and tax schedules.
- Business accounting: Forecast capital expenditures for commercial kitchen or laundry equipment.
- Warranty decisions: Decide whether repairs are cost-effective given depreciation.
Why Use Our Calculator?
- ✅ Dual methods: Compare straight-line vs accelerated depreciation side-by-side.
- ✅ Visual schedule: See annual book value across the entire lifespan.
- ✅ Budget planning: Highlight replacement timelines and cash flow needs.
- ✅ Desktop & mobile friendly: Use it wherever you manage your assets.
Common Applications
Property managers: Maintain depreciation schedules for multiple units.
Homeowners: Assess resale value for used appliances in estate sales.
Small businesses: Integrate with bookkeeping software for year-end reporting.
Tips for Best Results
- Align lifespan with IRS Publication 946 or manufacturer guidance.
- Reassess salvage value annually; energy-efficient upgrades affect resale.
- Switch to straight-line after book value approaches salvage to avoid over-depreciation.
- Record maintenance costs alongside depreciation to evaluate total ownership cost.
Frequently Asked Questions
Can I depreciate personal appliances for taxes?
Generally no—unless the appliance is used in a rental property or business. Consult a tax professional for specific situations.
What if my appliance lasts longer than expected?
Continue using the straight-line annual amount until the book value reaches salvage, or adjust salvage/lifespan assumptions and recalculate.
How do repairs affect depreciation?
Repairs don’t reset depreciation. Significant upgrades that extend life or value can be capitalized and depreciated separately.
Is this calculator GAAP or tax compliant?
It provides estimates. Always align depreciation schedules with your accountant’s advice and applicable regulations.