Depreciation MACRS Calculator
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.