Straight Line Depreciation Method
- Straight line
By the general rule, the method is calculated through the following steps:
1) initial value and expected salvage value of the asset are defined;
2) salvage value is subtracted from the initial value;
3) result of the subtraction is divided by the duration of the useful life of the asset (Codejig ERP uses months).
The received result will be the cost of depreciation for the asset for one month.
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