Essay On Late Years

Accounting Q26-30 Essay Preview: Accounting Q26-30 Report this essay Exhibit 15.Straight Line MethodDepreciation expense in a year:        (Acquisition cost – Salvage value) ÷ Useful life in yearsExample:        Acquisition cost                $2,200                        Useful life                        4 years                        Salvage value                $200     Depreciation percentage:                 100 ÷ № of useful life in years                100 ÷ 4 years = 25%           Depreciation expense:                ($2,200 – $200) ÷.