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-

Algebra ->  Finance -> 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-      Log On


   

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(52771) About Me  (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 (!)