Straight line depreciation
March 18th, 2023
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Straight line depreciation
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The lost value of equipment over a period of time is call depreciation. The simplest method for calculating depreciation is straight-line depreciation. The annual straight-line depreciation D of an item that costs x dollars with a useful life of n years is D equals=(1/n)x. Find the depreciation for items with the given characteristics.
Cost is $15,961; Life is 16 years
The annual straight line depreciation is approximately ____________$ per year