What this calculator does
Actual cash value (ACV) works out what an insurer would pay for an item today, after wear and depreciation. Enter your own figures above and the answer updates as you type: nothing is fixed in the code, so the result reflects exactly the numbers you supply.
The formula this calculator evaluates is printed under the tool and explained below, so you can check the working by hand or reuse it in a spreadsheet.
The formula
FormulaACV = Purchase price × (Expected life − Current age) / Expected life
The inputs explained
| Field | What to enter |
|---|---|
| Purchase / replacement price ($) | A number, measured in your currency. Starts at 25000. |
| Expected useful life (years) | A number, measured in years. Starts at 12. |
| Current age of the item (years) | A number, measured in years. Starts at 4. |
Worked examples
Every figure in the tables below is produced by this page’s own calculator at build time, so the numbers and the tool always agree. Select any row to load that scenario.
How the answer changes with purchase / replacement price
Every other input is held at the calculator’s starting values while purchase / replacement price varies. Select any row to load that scenario into the calculator.
How the answer changes with purchase / replacement price