<human>:  How to calculate depreciation on fixed assets?
<bot>: Calculate Depreciation on Fixed Assets
1. Write down the asset’s purchase price.
2. Estimate the salvage value, or how much the asset will be worth when it's no longer useful.
3. Calculate Depreciable Cost: purchase price - salvage value.
4. Estimate the asset's lifespan, which is how long you think the asset will be useful for.
5. Find the amount of Depreciation per Year by calculating depreciable cost/asset's lifespan.