Accounting for IGCSE & O level - Accounting Procedures (Section 3 - No. 1)
What is the formula for calculating annual depreciation using the straight-line method?
(Cost - Salvage Value) / Useful Life
(Cost + Salvage Value) / Useful Life
Cost / Useful Life
Cost - Accumulated Depreciation
Explanation
The straight-line depreciation formula is (Cost - Salvage Value) / Useful Life
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