Boat Depreciation Calculator

Calculate Boat Depreciation



Formula

The formula to calculate boat depreciation is:

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

Where:

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:

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:

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%.