The formula for calculating depreciation using straight line method is
FINANCIAL
JAMB 2014
The formula for calculating depreciation using straight line method is
- A. \( \frac{\text{Scrape Value} + \text{Sales}}{Useful life} \)
- B. \( \frac{\text{Cost } - \text{Scrape Value}}{Useful life} \)
- C. \( \frac{\text{Sales } - \text{Scrape Value}}{Useful life} \)
- D. \( \frac{\text{Purchases } + \text{Sales }}{Useful life} \)
Correct Answer: B. \( \frac{\text{Cost } - \text{Scrape Value}}{Useful life} \)
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