Enter the purchase price and current salvage value of the boat into the calculator to determine the boat’s depreciation.

## Boat Depreciation Formula

The following formula is used to calculate boat depreciation.

D = (OP - SV) / OP * 100
• Where D is the boat depreciation (%)
• OP is the original purchase price ($) • SV is the salvage value ($)

To calculate the boat depreciation, divide the difference between the original price and the current salvage value by the original value, then multiply by 100 to get the depreciation in percentage.

## What is boat depreciation?

Definition:

A 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.

## How to calculate boat depreciation?

Example Problem:

The following example problem outlines how to calculate a boat depreciation.

First, determine the original purchase price of the boat. In this example, the original price was $50,000.00. Next, determine the salvage value. This is the value that the boat could currently be sold for. In this case, the salvage value is$25,000.00.

Finally, calculate the boat depreciation as a percent using the formula above:

D = (OP – SV) / OP * 100

D = (50000 – 250000) / 50000 * 100

D = 25%