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Depreciation on $40,000
Over 7 Years

Compare prime cost and diminishing value methods.

Prime Cost (14.3%)
$5,714
/year (equal)
Diminishing Value (28.6%)
$11,429
/year 1 (decreasing)
Asset Cost$40,000
Effective Life7 years
Total Deduction$40,000
Same cost, different life
$40K over 3 yrs$40K over 5 yrs$40K over 10 yrs
7-year life, different costs
$5K / 7yr$10K / 7yr$15K / 7yr$20K / 7yr$30K / 7yr$50K / 7yr
Full Depreciation Calculator →