Java Program To Calculate Depreciation | Programs Hub
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Java Program To Calculate Depreciation | Programs Hub

Java program to calculate Depreciation. Depreciation is a financial word, defined as the reduction of recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. We to added how to calculate the Depreciation, formula, and Java program in different ways. Do check it out.

What is Depreciation ?

A:

  • The decrease in value of assets (fair value depreciation)
  • The allocation of the cost of assets to periods in which the assets are used (depreciation with the matching principle)

Depreciation is a method of reallocating the cost of a tangible asset over its useful life span of it being in motion. Businesses depreciate long-term assets for both tax and accounting purposes.

How To Calculate Depreciation ?

There are mainly three ways to calculate Depreciation.

  1. Straight line method
  2. Unit of production method
  3. Double-declining balance method

You can refer to the article : What is Depreciation and how to calculate.

Java Program By Using Standard Values

  • There you go with standard values.
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2. Java Program To Calculate Depreciation Through Scanner Class

Here we are taking inputs through scanner class.

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3. Inputs Through Command Line Arguments

There you go another method by taking inputs through command line arguments. Command line arguments, if have no idea bout command line arguments then you can check out our article here on what are command line arguments and how it works.

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4. Using a User Define Method

 

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5. Creating a Separate Class

  • ( DepreciationCalculation) and taking inputs through scanner class.
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