Depreciation Calculator

Track your nonprofit's fixed assets and calculate depreciation automatically. Proper depreciation tracking ensures accurate financial statements and compliance with accounting standards.

Adding Assets

Enter the asset name, purchase date, and cost
Set the useful life (in years)
Choose a salvage value
Select the depreciation method

Depreciation Methods

Straight-Line: Equal depreciation each year (most common for nonprofits)
Declining Balance: Higher depreciation in earlier years

Automatic Journal Entries

The calculator generates monthly or yearly depreciation journal entries automatically. These entries debit Depreciation Expense and credit Accumulated Depreciation.

Depreciation Schedule

View a complete depreciation schedule for each asset showing the annual depreciation amount, accumulated depreciation, and remaining book value.