The Straight Line Depreciation Calculator may be used by businesses which select the straight line method of depreciation. The straight line depreciation method lets you deduct the same amount of depreciation each year.
To figure your deduction, first determine your property's adjusted basis (book value), salvage value, and recovery period. If in the first year, you use the property for less than a full year, your depreciation deduction will be prorated for the number of months in use. This calculation is automatically made for you and is determined by the date that you enter for the 'placed in service' date.
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