Double Declining Balance Depreciation Calculator Online

Last updated on by Editorial Staff

Double Declining Balance Depreciation

Click here to get more Free Online Business Calculators

Click here for more Finance and Investment Calculators

Click here for the Depreciation Calculator

How to Use the Double Declining Balance Depreciation Calculator

  • Enter Details: Fill in the initial cost, salvage value, and useful life of the asset.
  • Select Currency: Choose the currency for accurate calculations.
  • Click Calculate: Hit the “Calculate” button to generate the depreciation schedule.
  • Review Results: Examine the table and bar graph to understand the depreciation over time.
  • Reset: To start over, simply click the “Reset” button.


Calculate depreciate rate

Depreciation Rate = 2/Useful life

Calculate depreciate amount

Depreciate amount = Book value * Depreciation Rate

Update book value

Book value = Book value – Depreciate amount

Method Explanation

The calculator uses the Double Declining Balance Depreciation method. It calculates depreciation by applying a fixed rate to the asset’s book value, gradually reducing it over its useful life until it reaches the salvage value.

Usability and Benefits

  • Small Business Owners: Easily calculate depreciation for assets like equipment, vehicles, or machinery.
  • Accountants and Financial Analysts: Streamline financial reporting and forecasting with accurate depreciation figures.
  • Educational Purposes: Students and learners can understand depreciation concepts practically.


How accurate are the depreciation calculations?

The calculator provides estimates based on the entered data. Actual depreciation may vary.

What if I don’t know the salvage value?

You can estimate or use a standard salvage value for your industry.


The Depreciation Calculator simplifies asset management by providing clear depreciation schedules. Whether you’re a business owner, accountant, or student, this tool offers valuable insights into asset depreciation, aiding financial decision-making and planning. Try it out now to optimize your asset management strategy!