Furniture Depreciation Calculator
- Fill In the Details: Begin by entering some key details about your furniture:
- Original Cost: What you initially paid for the item.
- Age: How many years you’ve owned the piece.
- Condition: Choose from options like ‘Brand new’ to ‘Okay shape’ to describe its current state.
- Select Your Furniture Type: We offer a selection of furniture types from our menu. Each has a unique depreciation rate, reflecting how its value decreases over time.
- Calculation Magic: Our calculator uses these details to apply the correct depreciation rate. It then adjusts this figure based on the item’s condition to estimate its current value.
- Discover the Value: Hit “Calculate” to see the estimated value displayed instantly below.
Depreciation Rates Table:
Here’s a quick look at the annual depreciation rates for different furniture types, helping you understand how we calculate the value.
| Furniture Type | Depreciation Rate Per Year (%) |
|---|---|
| Sofa | 7% |
| Wood Furniture | 10% |
| Light Fixtures | 5% |
| Mattresses | 12% |
| Wood Dressers | 9% |
| Faux Wood Furniture | 14% |
| Other | 9.5% |
Condition Factor:
The final step involves adjusting the depreciated value based on the condition you select, ensuring the calculation reflects the furniture’s current state accurately.
Happy calculating! If you have any feedback or questions, we’re all ears.