Question

in straight line method, amount of depreciation is based on

a) cost of asset
b) life of asset
c) scrap value
d) all of these ​​

Answer 1

Answer:

Straight line basis is a method of calculating depreciation and amortization, the process of expensing an asset over a longer period of time than when it was purchased. It is calculated by dividing the difference between an asset's cost and its expected salvage value by the number of years it is expected to be used.