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Straight line Method of depreciation

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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?

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Solution Summary

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

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

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