Boat Depreciation Calculator

Calculate the depreciation of a boat over time using the straight-line method.

Input Parameters

Calculation Results

Calculation Formula

Annual Depreciation = (Cost - Salvage Value) / Useful Life

Where:
Cost = Original purchase price of the boat
Salvage Value = Estimated value at the end of useful life
Useful Life = Number of years the boat will be used

Boat Depreciation Calculator Calculator Usage Guide

Learn how to use the Boat Depreciation Calculator and its working principles

How to Use the Calculator

  1. Enter the original purchase price of the boat in the "Boat Cost" field.
  2. Enter the estimated value of the boat at the end of its useful life in the "Salvage Value" field.
  3. Enter the number of years the boat will be used in the "Useful Life" field.
  4. Click the "Calculate" button to compute the annual and total depreciation.
  5. Use the "Reset" button to clear all fields and start over.

Understanding Depreciation

Depreciation is the reduction in value of an asset over time. The straight-line method is the simplest way to calculate depreciation, where the asset loses an equal amount of value each year.

Formula Used

Annual Depreciation = (Cost - Salvage Value) / Useful Life

Total Depreciation Over Useful Life = Annual Depreciation × Useful Life