The lost value of equipment over a period of time is called, Ask an Expert

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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 item S with the given characteristics. Cost is $15, 958; life is 17 yr The annual straight-line depreciation is approximately per year (Round to the nearest cent.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92171945

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