Frequently Asked Questions
Should I use this for tax depreciation?
No - this calculator targets personal-use insurance claims, not business tax deductions. For business assets, use IRS Publication 946 and the MACRS or straight-line methods over specific recovery periods (typically 5-7 years for appliances).
How accurate is straight-line for appliances?
Reasonable for insurance settlements but ignores the fact that most appliances depreciate faster in years 1-3 (declining-balance) and slower in years 8+. For market resale, used-appliance pricing guides give more realistic numbers.
What appliance lasts longest?
Per ASHI: furnaces (18 years), ovens (16 years), refrigerators (13 years), dryers (13 years). Shortest: computers (5 years), TVs (8 years), microwaves (9 years). Quality, usage, and maintenance matter more than averages.
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Estimates for informational purposes only.
Important Disclaimer: Estimates for informational purposes only.
This calculator provides estimates for informational purposes only. Results are based on assumptions and may not reflect actual outcomes. Consult qualified professionals in relevant fields before making important decisions based on these results.