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Calcimator

MACRS Depreciation Calculator

Calculate MACRS depreciation schedules for business assets.

Inputs

$
years

Results

Current Year Depreciation

$7,142.86

≈ 7 smartphones

Accumulated Depreciation$7,142.86
Remaining Book Value$42,857.14
Depreciation Rate14.3%
How to Use This Calculator
  1. Enter the asset's cost basis.
  2. Select the MACRS recovery period (3, 5, 7, 10, 15, or 20 years).
  3. Input the year number (1 through end of recovery period).
  4. Review the MACRS depreciation expense for that year using the applicable IRS table percentage.
  5. Apply the half-year convention automatically calculated — adjust if mid-quarter convention applies.

How the result changes with Recovery Period

Recovery PeriodCurrent Year Depreciation
6.6$7,575.76
16$3,125.00
26$1,923.08
35$1,428.57

What each input means

Asset Cost
Original cost basis of the asset.
Recovery Period
MACRS recovery period (3, 5, 7, 10, 15, or 20 years).
Year
Which year of depreciation to calculate.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    Asset Cost = 50000, Recovery Period = 7, Year = 1 = 3 input(s) provided
  2. Calculate Current Year Depreciation
    Current Year Depreciation
    7142.86 = $7,142.86
  3. Calculate Accumulated Depreciation
    7142.86 = $7,142.86
  4. Calculate Remaining Book Value
    42857.14 = $42,857.14

Engine last updated . Checked against 2 independently-derived tests — how we verify calculators.

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