Depreciation Calculator with MACRS & Tax Features
Calculate depreciation schedules instantly using 4 methods including MACRS. Compare methods side-by-side, apply Section 179 & Bonus Depreciation, and track multi-asset portfolios with interactive charts.
Why start here?
4 Methods including MACRS
Support for Straight-Line, Double Declining Balance, Sum-of-Years' Digits, and MACRS with 8 property classes ranging from 3-year to 39-year.
Tax Optimization Features
Apply Section 179 deductions, Bonus Depreciation percentages, and input your estimated Tax Bracket to project total tax savings.
Multi-Asset & Method Comparison
Add multiple assets to view a combined portfolio schedule, or use the comparison tab to evaluate all 4 methods side-by-side with interactive charts.
Export, Share & Save
Generate PDF reports with charts, export data to CSV, copy to clipboard, or share your exact calculations via custom URLs.
Who is this for?
CPAs and Tax Preparers
Accurately calculate tax depreciation using MACRS and plan client tax strategies with Section 179 and Bonus Depreciation.
Small Business Owners
Track your company assets, plan equipment purchases, and forecast tax savings without needing accounting expertise.
Real Estate Investors
Calculate long-term depreciation on residential (27.5 years) and commercial (39 years) properties to optimize cash flow.
About Depreciation Calculator
Asset depreciation is a critical concept in both accounting and tax planning, allowing businesses to recover the cost of an asset over its useful life. Understanding how different assets depreciate helps in making informed purchasing decisions and accurately reporting financial health.
Our Depreciation Calculator supports multiple methods, including Straight-Line for simple, even expense recognition, Double Declining Balance for accelerated front-loaded depreciation, and MACRS (Modified Accelerated Cost Recovery System), which is the standard required by the IRS for tax purposes.
By comparing these methods and applying advanced tax rules like Section 179 and Bonus Depreciation, businesses and tax professionals can strategize to maximize immediate tax deductions, optimize cash flow, and ensure compliance with tax regulations.
How it works
Start from a preset or custom asset
Choose from quick-start presets like 'Vehicle' or 'Commercial Property', or manually enter your cost, salvage value, and useful life.
Apply tax rules (Optional)
Configure Section 179 deductions, Bonus Depreciation percentages, and your estimated tax bracket for advanced tax planning.
Analyze and compare
View the interactive combo chart, add more assets to your portfolio, or switch to the comparison tab to see which method works best.
Export or share your schedule
Download the detailed schedule as a PDF or CSV, or simply copy the page URL to share your exact configuration with clients or colleagues.
Want to customize this tool?
Take this tool to the next level. Build your own version with user accounts, custom databases, and more in just a few minutes using Floot. It's completely free to start with our generous free credits.
This tool was built in minutes with Floot — an AI-powered fullstack app builder.
