The formula for computing annual straight-line depreciation is:Select one:a. Depreciable cost divided by useful life in units. b. Cost plus salvage value divided by the useful life in years. c. Cost less salvage value divided by the useful life in years. d. Cost multiplied by useful life in years. e. Cost divided by useful life in units.

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Cello

5 July, 11:45

The formula for computing annual straight-line depreciation is:Select one:a. Depreciable cost divided by useful life in units. b. Cost plus salvage value divided by the useful life in years. c. Cost less salvage value divided by the useful life in years. d. Cost multiplied by useful life in years. e. Cost divided by useful life in units.

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Carolyn Dalton · Answer 1

The formula for computing annual straight-line depreciation is

c. Cost less salvage value divided by the useful life in years

Explanation:

Straight line depreciation is the default method used to recognize the carrying amount of a fixed asset evenly over its useful life. It is employed when there is no particular pattern to the manner in which an asset is to be utilized over time.