Asset Cost =

Depreciation Rate =

Depreciation Amount =

Calculate depreciation for tax purposes.

- Asset Cost: cost basis of the depreciable asset.

- Depreciation Rate: percentage to be depreciated based on US tax code MACRS (formerly ACRS) tax tables.

- Depreciation Amount: amount of depreciation.

Different assets depreciate over different time periods. See this [http://en.wikipedia.org/wiki/MACRS#MACRS_property_classes_table|chart] for property classes and this [http://en.wikipedia.org/wiki/MACRS#MACRS_applicable_percentage_for_property_class|chart] for MACRS depreciation rates per class. Finally see this [http://en.wikipedia.org/wiki/MACRS#MACRS_percentage_for_real_property_table|chart] for real property depreciation rates.

A 3-year depreciable asset which cost $20,000 is in its first year of operation. How much of the property can be depreciated for tax purposes?

- Asset Cost: 20,000.00

- Depreciation Rate%: 33.000

$6,600.00 can be depreciated in the first year.

Asset Cost

Depreciation Rate

Depreciation Amount

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