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Question The lost value of equipment over a period of time is called depreciation. The simplest method for calculating depreciation is​ straight-line depreciation. The annual ​straight-line depreciation D of an item that costs x dollars with a useful life of n years is D=​(1/n)x. Find the depreciation for items with the given characteristics. Cost is ​$15,963​; life is 11 yr The annual​ straight-line depreciation is approximately ​$______per year. ​(Round to the nearest​ cent.)

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Question


 The lost value of equipment

over a period of time is called depreciation. The simplest method for calculating depreciation is​ straight-line depreciation. The annual ​straight-line depreciation D of an item that costs x dollars with a useful life of n years is D=​(1/n)x.

Find the depreciation for items with the given characteristics.

Cost is ​$15,963​; life is 11 yr

The annual​ straight-line depreciation is approximately ​$______per year.

​(Round to the nearest​ cent.)

 
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