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Equipment depreciation calculator

See straight-line or declining-balance depreciation from the percent you type.

Method (required)

Straight-line uses the same amount each year. Declining balance uses the percent of the remaining book value.

CAD

What you paid for the equipment, in Canadian dollars.

CAD

The book value where depreciation stops. Use 0 if you want to depreciate the full cost.

%

The percent you type. Up to 2 decimal places. This is not taken from a tax table.

yr

How many years to list, from 1 to 40.

Result

Equipment depreciation calculator

Method (required)
Straight-line

Year 1 depreciation

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Enter a cost, a salvage amount, a percent and the number of years.

Ballpark estimate, check before you buy or quote.

This is a simple estimate, not advice. Verify with the official source.

Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.

How this works and common questions

About this tool

You type the percent. This tool does not look up a tax class. This is a simple estimate, not advice. Verify with the official source.

How it works

Straight-line depreciation each year is the percent you type times (cost minus salvage), rounded half away from zero to the cent, and it stops at salvage. Declining balance each year is that percent of the current book value, with the same stop.

Rules

This is a simple estimate, not advice. Verify with the official source. You type the percent. This page does not use a class rate or a tax table.

Questions

Where does the percent come from?

You type it. The page does not fill in a tax class rate. Verify with the official source before you rely on a figure.

What is the difference between the two methods?

Straight-line takes the same percent of (cost minus salvage) every year. Declining balance takes that percent of the remaining book value each year. Both stop so the book does not fall below the salvage value you type.

How is a half cent handled?

Each year is rounded half away from zero to the cent. A half cent rounds away from zero.

Do I need an account?

No. The tools work without one. You only need to sign in to save your work.

Is what I type saved?

No. Nothing is saved unless you sign in and choose Save. Otherwise it stays on the page.

Do you show ads or sell my information?

No. We show no ads and we do not sell your information.

Is this tax or legal advice?

No. Results are estimates for planning. Check rates and rules with the official source or a qualified professional.

Sign in to save this. Your entries stay on screen.

Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.