This calculator helps you calculate the depreciation expense per unit and total depreciation based on the units produced or consumed during an accounting period.
Learn how to use the Units of Production Depreciation Calculator calculator and its working principles
The Units of Production Depreciation method calculates depreciation based on the usage of the asset. The formula used is:
Depreciation per Unit = (Cost - Salvage Value) / Total Estimated Units
Total Depreciation Expense = Depreciation per Unit * Units Produced This Year
This method is particularly useful for assets whose usage varies significantly from period to period, such as machinery in a manufacturing setting.