Furniture Depreciation Calculator







Formula

The formula to calculate the current value of a piece of furniture is:

\[ CV = OP - \left(\frac{D}{100} \times OP \times A\right) \]

Where:

Furniture Depreciation Rates

The following table lists standard depreciation rates for different types of furniture:

Example Calculation

Example:

Step 1: Calculate the current value:

\[ CV = 1000 - \left(\frac{10}{100} \times 1000 \times 5\right) = 1000 - 500 = 500 \text{ dollars} \]