The lost value of equipment over a period of time is called depreciation. The simplest method for calculating depreciation is straight-line depreciation. The annual straight-line depreciation D of an item that costs x dollars with a useful life of n years is D = (1/n)x.Find the depreciation for items with the given characteristics.
Cost is $15,963; life is 12yr
The annual straight-line
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Jan 30, 2021
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