Furniture depreciation calculator
Work out how furniture, fixtures and equipment depreciate over their useful life. Choose straight-line or reducing-balance, enter the cost and lifespan, and get a full year-by-year schedule plus the current book value.
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For the current book value.
Result
Book value now
£1,457
Annual depreciation
£271
Total to write off
£1,900
Over
7 years
Depreciation schedule
| Year | Opening | Depreciation | Closing |
|---|---|---|---|
| 1 | £2,000 | −£271 | £1,729 |
| 2 | £1,729 | −£271 | £1,457 |
| 3 | £1,457 | −£271 | £1,186 |
| 4 | £1,186 | −£271 | £914 |
| 5 | £914 | −£271 | £643 |
| 6 | £643 | −£271 | £371 |
| 7 | £371 | −£271 | £100 |
Depreciation only works if you know what you own.
Controlbook keeps a live register of every FF&E item — cost, supplier, install date and useful life — so book values and replacement timing come from real asset data, not a spreadsheet someone last touched two years ago.
- Every asset carries its cost, date and expected life
- See what's fully written down and due for renewal
- Replacement planning grounded in the actual inventory
How to use this tool
- 1Enter the asset's purchase cost and any residual (salvage) value.
- 2Set the useful life in years.
- 3Pick a method: straight-line, or reducing-balance with an annual rate.
- 4Read the year-by-year schedule and the book value at any point, then export to CSV.
How furniture depreciation works
Depreciation spreads the cost of a long-lived asset across the years it is in use, rather than expensing it all at once. For furniture, fixtures and equipment this matters for both accounting (the book value on your fixed-asset register) and planning (knowing when an item is fully written down and due for replacement).
Straight-line depreciation writes off an equal amount each year: (cost − salvage) ÷ useful life. Reducing-balance applies a fixed percentage to the falling book value each year, so the charge is heavier early on. This tool computes both from your inputs and never lets the book value fall below the salvage figure you set.
Useful lives vary by asset and by the policy your accountant or tax regime applies, so the life is yours to set — the schedule recalculates instantly. Export the result to drop straight into a depreciation schedule or fixed-asset register.
Frequently asked questions
What's the useful life of office or hotel furniture?
Commonly five to ten years for loose furniture and longer for casegoods, but it depends on your accounting policy, the build quality and how hard the asset is used. This calculator lets you set the life so the schedule matches your own policy rather than a generic assumption.
Straight-line or reducing balance — which should I use?
Straight-line is simplest and most common for furniture; it charges an equal amount each year. Reducing-balance front-loads the depreciation, which can better reflect assets that lose value fastest when new. Try both — the calculator shows each side by side.
Is this suitable for tax depreciation?
It computes the standard accounting methods, but capital allowances and tax depreciation rules differ by country and change over time. Use this for planning and book-value estimates, and confirm tax treatment with your accountant.
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Open toolSee it running on your own property's data.
Give us 30 minutes. We'll report a real fault, identify the item, check availability and draft the supplier email, live, on a sample of your own data.