Boat Depreciation Calculator

Formula

The formula to calculate boat depreciation is:

\[ \text{D} = \frac{\text{OP} - \text{SV}}{\text{OP}} \times 100 \]

Where:

$\text{D}$ is the boat depreciation (%)
$\text{OP}$ is the original purchase price ($)
$\text{SV}$ is the salvage value ($)

What is Boat Depreciation?

Boat depreciation, just like any other depreciation, is the total percentage of value lost on the boat over time due to wear and tear and current market conditions.

Example Calculation 1

Let's assume the following values:

Original Purchase Price = $50,000
Salvage Value = $30,000

Using the formula:

\[ \text{D} = \frac{50,000 - 30,000}{50,000} \times 100 = \frac{20,000}{50,000} \times 100 = 40\% \]

The boat depreciation is 40%.

Example Calculation 2

Let's assume the following values:

Original Purchase Price = $100,000
Salvage Value = $60,000

Using the formula:

\[ \text{D} = \frac{100,000 - 60,000}{100,000} \times 100 = \frac{40,000}{100,000} \times 100 = 40\% \]

The boat depreciation is 40%.