Purchase Solution

Straight line Method of depreciation

Not what you're looking for?

Ask Custom Question

Using the straight line method of depreciation for a 10-year period on a piece of equipment costing $15,000 with a salvage value of 1,000, for a 10-year period, the approximate annual depreciation would be?

Purchase this Solution

Solution Summary

The solution uses Straight line Method of depreciation to calculate the approximate annual depreciation.

Solution Preview

Cost = $ 15,000
Salvage value= $ 1,000
Useful life= 10 years
Therefore ...

Purchase this Solution


Free BrainMass Quizzes
Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Basics of corporate finance

These questions will test you on your knowledge of finance.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.