SLM Depreciation Rate is 9.50% per annum and Annual depreciation is 950,000
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You can use this Calculator to Calculate Depreciation Online for Free. You can use either Straight Line Method (SLM) or Written Down Method (WDV).
Straight Line Method uses fixed depreciation every year apportioned over the useful life of the Asset. You can manually calculate it using the formula:
Depreciation per Annum = (C – S) / Y
Here, ‘C’ is Cost of Asset, ‘S’ is Scrap Value and ‘Y’ is Useful life of Asset in Years.
For Written Down Method, Formula is:
WDV Depreciation Rate = 1 – [s/c]^(1/n)
Here, ‘S’ is Scrap Value, ‘C’ is Cost of Asset and ‘n’ is Useful Life in Years.