The formula for calculating straight-line depreciation is:

Question

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Solution 1

To calculate straight-line depreciation, you can use the following formula:

$\text{Depreciation Expense} = \frac{\text{Cost of Asset} - \text{Salvage Value}}{\text{Useful Life of the Asset}}$

Explanation:

Cost of Asset: The initial purchase price or cost of the asset.
**Salvage Val Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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