Accounting for IGCSE & O level - Accounting Procedures (Section 4 - No. 27)
What is the formula for calculating straight-line depreciation?
(Cost - Salvage Value) / Useful Life
(Cost + Salvage Value) / Useful Life
Cost / Useful Life
(Cost - Accumulated Depreciation) / Useful Life
Explanation
Straight-line depreciation = (Cost - Salvage Value) / Useful Life
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