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Depreciation Calculator - Asset Value Reduction
Calculate the depreciation of your assets using Straight Line or WDV methods. Essential for tax planning and accounting.
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Frequently Asked Questions
What is depreciation?
Depreciation is the systematic reduction in the recorded cost of a fixed asset over its useful life.
What is the WDV method?
Written Down Value (WDV) method applies the depreciation rate to the decreasing book value of the asset each year.
Why is depreciation important for tax?
Depreciation is a non-cash expense that reduces taxable income, thereby lowering your tax liability.