The formula for calculating depreciation using straight line method is
a
\( \frac{\text{Scrape Value} + \text{Sales}}{Useful life} \)
b
\( \frac{\text{Cost } - \text{Scrape Value}}{Useful life} \)
c
\( \frac{\text{Sales } - \text{Scrape Value}}{Useful life} \)
d
\( \frac{\text{Purchases } + \text{Sales }}{Useful life} \)
Explanation
Correct Option
bNo explanation available
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