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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 $15,954; life is 17yr The annual straight-line depreciation is approximately $ [ ] per year.

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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 $15,954; life is 17yr

The annual straight-line depreciation is approximately $ [   ] per year.

 
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