Calculate the current value and depreciation of appliances over time.
Appliance Details
Estimated value at the end of life
Valuation Results
Current Value$870
Total Depreciation$330
Annual Depreciation$110per year
Remaining Life7.0 yrs
Overview
Straight-line depreciation spreads the cost of an asset evenly over its useful life. (Purchase Price − Salvage Value) / Useful Life = Annual Depreciation.
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Pro Tips
Salvage value is the estimated resale value at end of life.
Useful life varies by appliance—typically 10–15 years for major appliances.
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Fun Facts
"Refrigerators typically last 10–15 years."
"Energy-efficient models may have higher upfront cost but lower operating cost."
Formula: Current Value = Purchase Price − (Annual Depreciation × Years Used)
