Question

what is the formula for rate pf depreciation under staright line method​

Answer 1

Answer: This may help you

Explanation:

What is the formula for rate pf depreciation under staright line method?

=> The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.

Answer 2

Answer:

The straight line depreciation for the machine would be calculated as follows:

Cost of the asset: $100,000.

Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost.

Useful life of the asset: 5 years.

Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount.