On a depth formula for modules over local rings S. Choi and S. Iyengar Abstract. We prove that for modules M and N over a local ring R, the depth formula: depth M + depth N - depth R = depth Tor_s(M,N) - s, where s=sup{i | Tor_i(M,N) is non-zero}, holds under certain conditions. This adds to the list cases where the depth formula, which extends the classical Auslander-Buchsbaum equality, is satisfied.