Basic Depreciation Calculator
This calculator can be used to perform depreciation calculations for different depreciation
methods without the use of half-year, mid-quarter, or mid-month conventions. Do not use
this calculator for tax reporting.
Charles Coker, CPA , LLC Asset Depreciation Information
Asset Description
Category
Purchase Price (P)
Salvage Value (Sn)
Depreciation Period (n)
Depreciation Method
Depreciation Schedule
Basic
Year
1
2
3
4
5
-
9,000
200
5
SL
DB Factor
200%
[42]
Depreciation
Cumulative
Book Value
1,760.00
1,760.00
7,240.00
1,760.00
3,520.00
5,480.00
1,760.00
5,280.00
3,720.00
1,760.00
7,040.00
1,960.00
1,760.00
8,800.00
200.00
Charles Coker, CPA, LLC Confidential-
Downloaded from http://www.tidyforms.com Page 1
-
Basic
-
-
-
Charles Coker, CPA, LLC Confidential
Downloaded from http://www.tidyforms.com Page 2
MACRS Depreciation Rate Calculator
This calculator should not be used for tax reporting. The depreciation rate is calculated,
but the calculated rate can be off by as much as 0.01% due to rounding. You should verify the
rates with the official MACRS tables. Consult the official IRS publication to determine the
Convention, Recovery Period, Asset Class, Depreciation Basis, and allowable Method.
Charles Coker, CPA , LLC Asset Depreciation Information
Asset Description
Asset Class
Depreciation Basis
Recovery Period (n)
Depreciation Method
Convention
Placed in Service
Last Year of Depreciation
1,000
5
SL
Half-Year
4
DB Factor
200%
Depreciation
Cumulative
Book Value
100.00
100.00
900.00
200.00
300.00
700.00
200.00
500.00
500.00
200.00
700.00
300.00
200.00
900.00
100.00
100.00
1,000.00
0.00
Charles Coker, CPA, LLC Confidential
Rate (dj)
10.000%
20.000%
20.000%
20.000%
20.000%
10.000%
-
6
Depreciation Schedule
Year
1
2
3
4
5
6
MACRS_Rate
Downloaded from http://www.tidyforms.com [42]
Page 3
Depreciation Schedule
Year
-
MACRS_Rate
Depreciation
-
[42]
Cumulative
-
Book Value
-
Charles Coker, CPA, LLC Confidential
Downloaded from http://www.tidyforms.com Rate (dj)
-
Page 4
MACRS Depreciation Calculator
This calculator uses the depreciation basis reduction approach to calculate depreciation using MACRS
conventions. This approach allows adjustments to be made to the basis within the depreciation schedule for
purposes such as losses and improvements. Adjustments entered in year j affect the depreciation basis
for year j. This calculator should not be used for official tax reporting.
Charles Coker, CPA , LLC Asset Depreciation Information
Asset Description
Asset Class
Depreciation Basis
Recovery Period (n)
Depreciation Method
Convention
Placed in Service Month
Last Year of Depreciation
First Year Fraction
7,500
7
SL
Mid-Month
1
DB Factor
200%
8
0.9583
Depreciation Schedule
Year
1
2
3
4
5
6
7
8
MACRS
Adjustments
500
[42]
Basis
7,500.00
6,973.21
5,319.02
4,264.01
3,209.00
2,153.99
1,098.97
43.96
-
Dj (SL)
1,026.79
1,154.19
1,055.01
1,055.01
1,055.01
1,055.02
1,055.01
43.96
-
Dj (DB)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-
Depreciation
Cumulative
Book Value
1,026.79
1,154.19
1,055.01
1,055.01
1,055.01
1,055.02
1,055.01
43.96
-
1,026.79
2,180.98
3,235.99
4,291.00
5,346.01
6,401.03
7,456.04
7,500.00
-
6,473.21
5,319.02
4,264.01
3,209.00
2,153.99
1,098.97
43.96
0.00
Page 5 -
Charles Coker, CPA, LLC Confidential
Downloaded from http://www.tidyforms.com Depreciation Schedule
Year
-
MACRS
Adjustments
[42]
Basis
-
Dj (SL)
-
Dj (DB)
Depreciation
Cumulative
Book Value
-
-
-
-
Charles Coker, CPA, LLC Confidential
Downloaded from http://www.tidyforms.com Page 6