QuestionCalculate the annual straight-line depreciation $D$ for an item costing \$15,963 with a life of 13 years:$D=(1/n)x$.

Studdy Solution
Perform the division operation first according to the order of operations (PEMDAS/BODMAS).
$$= \$1,227.15$$The annual straight-line depreciation is approximately $1,227.15 per year.