Accountancy, asked by raghdevansh44451, 1 year ago

What is straight line method of depreciation formula?

Answers

Answered by vicky9637
0

Straight line depreciation is the default method used to recognize the carrying amount of a fixed asset evenly over its useful life. ... 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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