Depreciation Calculator - Calculate Online Straight Line
Estimate annual depreciation, monthly depreciation, accumulated depreciation, and closing book value using the Straight Line Method. Designed for Indian businesses, professionals, freelancers, finance teams, and asset planning.
Enter Asset Details
Add the asset cost, residual value, useful life, and usage period to calculate straight line depreciation.
Year-wise Depreciation Schedule
This schedule shows annual depreciation, accumulated depreciation, and closing book value across useful life.
| Year | Opening Book Value | Depreciation | Accumulated Depreciation | Closing Book Value |
|---|
How Straight Line Depreciation Works
Straight Line Method spreads the depreciable value of an asset evenly across its useful life.
Start with Asset Cost
Enter the actual cost of the asset, including purchase price and directly attributable expenses required to make the asset ready for use.
Subtract Residual Value
Residual value is the estimated amount you expect to recover at the end of the asset’s useful life.
Divide by Useful Life
The remaining depreciable amount is divided equally across the number of useful-life years selected by you.
Who Can Use This Calculator?
This calculator is ideal for estimating depreciation before preparing books, MIS reports, loan documents, or tax planning files.
Small Business Owners
Estimate depreciation for computers, furniture, machinery, office equipment, and commercial assets.
Freelancers & Professionals
Plan depreciation for laptops, cameras, studio tools, medical equipment, and professional assets.
Finance Teams
Generate a quick depreciation schedule for review, bookkeeping, budgeting, and internal reporting.
Depreciation Calculator FAQs
Clear answers to common questions about straight line depreciation in India.
What is Straight Line Depreciation?
Straight Line Depreciation is a method where the cost of an asset, after deducting residual value, is spread equally over its useful life. For example, if an asset costs ₹1,00,000, has a residual value of ₹5,000, and useful life of 5 years, annual depreciation is ₹19,000.
Is Straight Line Method allowed under Indian income tax law?
For most Indian income-tax cases, depreciation is calculated using the Written Down Value method on prescribed block-of-asset rates. Straight Line Method may be relevant for specific eligible undertakings or for book/accounting depreciation. Always verify with a CA or tax expert before filing.
What is residual value?
Residual value, also called salvage value, is the estimated value of an asset at the end of its useful life. It is deducted from the original cost before calculating straight line depreciation.
Can freelancers claim depreciation?
Freelancers and professionals may be able to claim depreciation on business or professional assets used for earning income, subject to applicable tax rules, documentation, and asset usage.
Does this calculator replace professional tax advice?
No. This tool provides an estimate for planning and educational use. For ITR filing, business books, audit, or tax notices, you should consult a qualified tax advisor.