The lost value of equipment over a period of time is called

Last updated: 6/19/2023

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 in depresion of an costs x dollars with a useful life of n years is D 1 n x Find the depreciation for items with the g he given c characteristics Cost is 15 966 life is 16 yr The annual straight line depreciation is approximately 997 88 per year Round to the nearest cent