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View Full Version : Straight-line method


deezerdoo
Apr 20, 2009, 10:44 AM
A company buys a machine for 50,000 with a salvage value of 5,000. If the machine's useful life is 5 years, calculate the annual depreciation using the straight line method.

Here is what I got

50,000- 5,000=45,000

45,000/5= 9,000 annual depreciation

pready
Apr 20, 2009, 12:15 PM
This is correct