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?© BrainMass Inc. brainmass.com March 4, 2021, 6:11 pm ad1c9bdddf
Cost = $ 15,000
Salvage value= $ 1,000
Useful life= 10 years
The solution uses Straight line Method of depreciation to calculate the approximate annual depreciation.