Depreciation is the loss of
value in an asset over time or due to wear and tear. #Straight
There are numerous depreciation
methods in existence. #Numerous #Methods
Straight-line depreciation
is the simplest and most commonly used depreciation method.
The straight line depreciation
formula is a simple equation that could be very useful to you in the future. #Formula
The formula for straight line
depreciation is as follows: (Cost XCNTX#8211; Residual Value) / Useful Life. #Straight #Formula
The declining balance method
is a form of depreciation that represents an acceleration of loss each accounting term. #Methods