How is the annual depreciation expense calculat... - SS1 Accounting Straight Line/Fixed Installment Method Question
How is the annual depreciation expense calculated using the straight-line method?
A
By dividing the cost of the asset by its useful life
B
By dividing the cost of the asset by its salvage value
C
By subtracting the salvage value from the cost of the asset and dividing it by the useful life
D
By multiplying the cost of the asset by the useful life
correct option: c
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