Furniture Depreciation Calculator
Estimate annual depreciation and current book value of your furniture. Enter its purchase cost, expected useful life and current age.
How It Works
- Annual depreciation = cost ÷ useful life.
- Accumulated depreciation = annual depreciation × age.
- Current book value = cost − accumulated depreciation (minimum £0).
Salvage Value
If your furniture has a resale value at end-of-life, subtract it from the cost before dividing by useful life.
Tax vs Accounting
Tax depreciation rules may differ from straight-line accounting—check HMRC guidelines or consult a tax adviser.
Revaluation
For high-value pieces, consider periodic professional revaluation rather than straight-line estimates.
Key Values
| Entity | Attribute | Units |
|---|---|---|
| Furniture | Cost | £ |
| Furniture | Useful life | years |
| Furniture | Age | years |
| Depreciation | Annual | £/yr |
| Value | Current book | £ |
Frequently Asked Questions
What if age exceeds useful life?
Current book value will show as £0 once age ≥ useful life.
Can I include salvage value?
Subtract your expected salvage from cost before calculation for more accuracy.
Do tax rules differ?
Yes—tax depreciation often uses different rates or methods. Consult HMRC or an accountant.
How accurate is straight-line?
It’s a simple uniform method; for antiques or bespoke, consider revaluation.
