The formula for calculating depreciation using straight line method is

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Accounts - Principles of Accounts JAMB 2014

The formula for calculating depreciation using straight line method is

  • \( \frac{\text{Scrape Value} + \text{Sales}}{Useful life} \)
  • \( \frac{\text{Cost } - \text{Scrape Value}}{Useful life} \) checkmark
  • \( \frac{\text{Sales } - \text{Scrape Value}}{Useful life} \)
  • \( \frac{\text{Purchases } + \text{Sales }}{Useful life} \)

The correct answer is: B

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