Truck Depreciation Calculator
Calculate annual depreciation for fleet management and tax purposes.
Inputs
$
yrs
yrs
%
mi
Results
Current Book Value
$109,500.00
Annual Depreciation
$13,500.00
Monthly Depreciation$1,125.00
Depreciation per Mile$0.14
Total Depreciation$40,500.00
Percent Depreciated27%
Residual Value$15,000.00
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.
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