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Annuity Charging Method Calculation

The Annuity Charging Method calculator calculates the yearly depreciation rate of the machine. In this Annuity Charging Depreciation method the depreciation rate will be constant every year. Enter the values and click on calculate to display the result.

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Annuity Charging Method Calculator

Cost of Machine:(Rupees)
Scrap Value:(Rupees)
Years:
Rate of Interest:(in Percent)
Yearly Depreciation:=

 
   
  
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Formula used:
Yearly Depreciation={[(cost(1 + rate) (years)) - scrap] [1 - (1 + rate)]} / {[1 - (1 + rate) (years)]}

Where,

cost - Cost of the machine (in rupees)

rate - rate of interest (in percentage)

scrap - selling price value of that machine.

The annuity charging method calculator thus helps you to determine your yearly annuities.