Free Depreciation Schedule Spreadsheet Template
Track asset depreciation over time using standard methods. Log assets with purchase dates, costs, and useful life to calculate annual depreciation.
What's Included
- Dashboard with depreciation summary showing total asset cost, accumulated depreciation, and current book value
- Asset schedule with columns for asset name, purchase date, original cost, useful life, and salvage value
- Straight-line depreciation calculations that automatically compute annual depreciation for each listed asset
- Book value tracking per asset showing the declining value from purchase year through the end of useful life
- Annual depreciation totals with color-coded input cells (yellow) and formula-driven schedule entries (blue)
- Works in Microsoft Excel, Google Sheets, and LibreOffice Calc with no setup required
Preview
See what's inside this template
How to Use This Depreciation Schedule Template
Enter asset details
For each asset, input the name, purchase date, original cost, useful life in years, and salvage value.
Review annual depreciation
The template calculates straight-line depreciation for each asset - the annual expense amount that spreads the cost over its useful life.
Track book value
The schedule shows the declining book value for each asset from the purchase year through the end of its useful life.
Check totals
The dashboard summarizes total asset cost, accumulated depreciation to date, and current total book value across all assets.
Built by Claude AI. Perfected by us.
We use Claude AI to draft each free template, after a deep research. Then our team steps in. We refine the layout, stress-test every formula, fix edge cases, and polish the design until it feels like something we would actually use ourselves. The AI gets us 80% there. The last 20% is all human judgment.
Frequently Asked Questions
What depreciation method does this use?
The template uses straight-line depreciation, dividing the depreciable amount (cost minus salvage) evenly across the useful life.
What is salvage value?
Salvage value is the estimated worth of the asset at the end of its useful life. The template subtracts it from cost before calculating annual depreciation.
Can I track multiple assets?
Yes. Add a row for each asset. The dashboard totals depreciation across all assets for the current period and cumulatively.
Does it support other methods like MACRS?
This template covers straight-line only. MACRS and double-declining balance methods require different calculation logic.
How do I open this in Google Sheets?
Upload the .xlsx file to Google Drive, then open it with Google Sheets. All formulas and formatting will be preserved.
What license is this template under?
All free templates are released under CC BY 4.0 (Creative Commons Attribution). You can use, modify, and share them freely - including for commercial purposes - as long as you credit FinancialAha.com. They are provided as-is and do not constitute financial advice.
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