# How do you calculate depreciation on clothing?

**Depreciation for Retail Stores**

- Straight-Line Depreciation Method.
- Straight Line Depreciation = (Purchase Price of Asset – Approximate Salvage Value) ÷ Estimated Life Span of Asset.
- Double-Declining Balance Method.
- Percentage of the Amount Subject to Depreciation = Depreciation Expense Per Year ÷ Total Depreciation.
- The Sum of Years Method.

Also to know is, can you depreciate clothing?

**You can**'t **depreciate** assets that don't lose their value over time – or that **you**'re not currently making use of to produce income. Buildings that **you** aren't actively renting for income. Personal property, which includes **clothing**, and your personal residence and car.

Also Know, how fast do clothes depreciate? **Clothes depreciation**. **Clothes** lasts about 100-200 wash cycles(*) allowing the computation of daily **depreciation** costs, mostly for fun. (*) That is, if you line dry and machine wash. If you tumble dry, take 25-50% off those numbers.

Similarly, you may ask, how do you calculate depreciation on a refrigerator?

The **depreciation** rate for **refrigerator** varies as per the statute, Income tax rate is 15%, Written down Value Method, Company Act rate is 6.33%under Straight Line Method and 18.10% Written down Value Method.

How do you calculate depreciation on personal property?

**Different Ways to Calculate Depreciation**

- Year 1 = 6/21 = 28.6% times the cost (or cost less salvage)
- Year 2 = 5/21 = 23.8%
- Year 3 = 4/21 = 19%
- Year 4 = 3/21 = 14.3%
- Year 5 = 2/21 = 9.5%
- Year 6 = 1/21 = 4.8%