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Formula
Annual Depreciation = (Cost โ Salvage Value) รท Useful Life
Example
Cost 500,000, salvage 50,000, 10 years โ 45,000/year
Frequently Asked Questions
What is straight-line depreciation?
Evenly spreads asset cost over useful life. Simplest and most common method.
What is salvage value?
Estimated value of the asset at the end of its useful life.
Other depreciation methods?
Yes โ declining balance, units of production, sum-of-years-digits.