Truck Depreciation Calculator
Calculate annual depreciation for fleet management and tax purposes.
Inputs
Results
Current Book Value
$109,500.00
≈ 7 used cars
Annual Depreciation
$13,500.00
≈ 9 months of rent
How to Use This Calculator
- Enter the original Purchase Price of the truck.
- Set Current Age in years and Expected Useful Life in years.
- Enter Residual Value (%) — the estimated salvage value at end of useful life.
- Set Annual Miles driven and select a Depreciation Method (Straight Line, Double Declining, or Per Mile).
- Review Current Book Value, Annual Depreciation, Monthly Depreciation, and Depreciation per Mile.
How the result changes with Purchase Price
| Purchase Price | Current Book Value | Annual Depreciation |
|---|---|---|
| $48,000.00 | $35,040.00 | $4,320.00 |
| $118,000.00 | $86,140.00 | $10,620.00 |
| $202,000.00 | $147,460.00 | $18,180.00 |
| $272,000.00 | $198,560.00 | $24,480.00 |
What each input means
- Purchase Price
- Original purchase price of the truck.
- Current Age
- Current age of the truck in years.
- Expected Useful Life
- Expected useful life for depreciation.
- Residual Value
- Estimated salvage value as percentage of purchase price.
- Annual Miles
- Average annual miles driven.
- Depreciation Method
- Depreciation calculation method.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersPurchase Price = 150000, Current Age = 3, Expected Useful Life = 10, Residual Value = 10 = 6 input(s) provided
- Calculate Current Book ValueCurrent Book Value109500 = $109,500
- Calculate Annual DepreciationAnnual Depreciation13500 = $13,500
- Calculate Monthly Depreciation1125 = $1,125
- Calculate Depreciation per MileDepreciation per Mile0.135 = $0.135
Engine last updated . Checked against 3 independently-derived tests — how we verify calculators.
Related Calculators
The questions that sit next to this one — chosen by subject, including calculators filed under a different category.
Freight Rate Calculator
Calculate per-mile rate from fuel, insurance, maintenance, and driver costs.
Trucking & CommercialOwner-Operator Profit Calculator
Calculate net income after all expenses for owner-operator truckers.
Business InsuranceCommercial Auto Insurance Calculator
Estimate fleet insurance costs based on vehicle count, use type, mileage, and coverage levels.
Fleet ManagementFleet Insurance Cost Calculator
Estimate per-vehicle insurance cost with fleet size discounts.
Automotive & MotorcyclesCar Depreciation
Rough value after compound annual depreciation with a condition factor.
More in Aviation, Marine & Transport.