This tool helps you calculate the depreciation of an appliance over time. Depreciation is the decrease in value of an asset due to wear and tear, age, or obsolescence.
To use an appliance depreciation calculator, you typically need to input the cost of the appliance, the age of the appliance, and the useful life of the appliance (in years). The calculator will then use this information to calculate the amount of depreciation that has occurred so far.
This tool can be useful for a variety of purposes, such as determining the value of an appliance for tax purposes, calculating the loss in value of an appliance for insurance purposes, or simply keeping track of the value of your appliances over time.