Download Depreciation Calculator template Template In Excel

Depreciation Calculator is an excel template to calculate Straight-Line as well as Diminishing Balance Depreciation on Tangible/Fixed Assets.

The template displays the depreciation rate for the straight-line method based on scrap value. Moreover, it displays the year on year amount of depreciation for as per Diminishing Balance method.

Straight Line Depreciation means:

Subsequently “Straight Line method depreciates an asset uniformly over the period of usability. The Straight-line method of depreciation applies even cost throughout the life of any fixed asset.”

Diminishing Balance Depreciation means:

Similarly “The declining balance method reduces an asset’s value by the amount it is depreciated in the previous years. It calculates the new depreciation base on that lower value. Hence, it is named as diminishing balance method.”

Depreciation Calculator Excel Template

We have created a simple and easy Depreciation Calculator with predefined formulas. Just enter a few values and it will automatically calculate depreciation for both the methods.

Contents of Depreciation Calculator Excel Template

Above all this template consists of 2 method: Straight-Line Depreciation Calculation and Diminishing Balance Depreciation Calculation.

Straight-Line Depreciation formula

In addition, the template calculates the straight-line depreciation. It’s calculation is based on Asset value, scrap value and life of an asset.

Here, asset value is the asset price in addition to the additional costs link with an asset. These costs include fixtures, transportation, insurance.

Insert the Asset Cost and Additional Asset Cost in given cells and it will automatically calculate the total Asset Price for you.

Enter the Scrap Value and the Life Span for the asset and 0 if an asset is completely written off. When asset scrap value is 0 template will calculate the depreciation on complete asset value.

Entering the above-mentioned details will give you the following results:

Depreciation in Percentage
Total Depreciation for the life span of asset
Book Value after life span of the asset

The balance amount is for accuracy check. It should always be 0. It is Scrap Value minus Book Value at the end of the life span.

Diminishing Balance Depreciation formula

Similar to the above section, enter Asset Cost and Additional Asset Cost to obtain total Asset Price. 

Enter the Scrap Value and Life Span of asset. In Diminishing Method, the scrap value will never be 0.

The template calculates the Rate of Depreciation applying the following formula:

1 – (Scrap Value/Asset Value) ^ (1/Life Span)

In the end, the template displays the depreciation schedule for the diminishing balance method. However it uses the rate of depreciation on closing asset value of the asset.

Book Value of Each Year X Depreciation Rate

It calculates the depreciation until the scrap value amount.

Download this Depreciation Calculator template template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Depreciation Calculator template Excel Template

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