The formula for calculating depreciation using straight line method is

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} )
Correct Answer: Option B
Explanation
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