Question

How to use depreciation in cost explanation?

Answer 1

Explanation:

Determine the estimated useful life of the asset. It is easiest to use a standard useful life for each class of assets. Divide the estimated useful life (in years) into 1 to arrive at the straight-line depreciation rate. Multiply the depreciation rate by the asset cost (less salvage value

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Answer 2

hlo mate ✌️

Using this method, depreciation is the same every year. It equals total depreciation ($45,000) divided by useful life (15 years), or $3,000 per year. This is the most the company can claim as depreciation for tax and sale purposes.

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