The formula for calculating depreciation using straight line method is

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

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment