SOLUTION: 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-

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Question 1153732: 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-line depreciation D of an item that costs x dollars with a useful life of n years is D=(1/n)x. Find the depreciation for items with the given characteristics.
Cost is $15,965; life is 11yr.
The annual straight line depreciation is approximately $____ per year
Answer by ikleyn(52776)   (Show Source): You can put this solution on YOUR website!
.

Substitute the given values x = 15965 and n = 11 into the given formula and calculate.

Happy calculations (!)



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