Homework Answers
Answer:Option ( D ) (Cost minus Salvage value) divided by the useful life in years
Explanation:
Straight line Depreciation = (Cost - Salvage value) / Useful life in years.
The above formula is apt to calculate straight line depreciation. under this method depreciation amount is constant in all years of asset valuation.
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Question 1
Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $142,500 has an estimated residual value of $5,500 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost (b) The straight-line rate % (c) The annual straight-line depreciation $
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A company used straight-line depreciation for an item of equipment that cost $18,250, had a salvage value of $4,600 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,825 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life Multiple Choice $1,365. $4140 $4,600 $7008. $3,200.
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Question 1
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