# Double Declining Depreciation Calculator

**Introduction**

Calculating depreciation using the double declining method can be crucial for businesses to accurately assess asset values over time. Fortunately, with a well-designed calculator, this process becomes efficient and error-free.

**How to Use**

Simply input the initial cost of the asset, its useful life, and its salvage value into the designated fields. Then, click the “Calculate” button to obtain the depreciation expense.

**Formula**

The double declining balance method calculates depreciation by applying a fixed percentage to the asset’s book value at the beginning of each period. The formula is:

**Example Solve**

Let’s say we have an asset with an initial cost of $10,000, a useful life of 5 years, and a salvage value of $1,000.

**FAQs**

**Q: Can this calculator handle assets with different currencies?**

**A: **Yes, the calculator is currency-agnostic, so you can input values in any currency.

**Q: Is there a limit to the useful life I can input?**

**A:** No, you can input any reasonable useful life for your asset.

**Conclusion**

The double declining depreciation calculator simplifies the process of determining asset depreciation, ensuring accurate financial reporting for businesses of all sizes.