When Straight-Line Depreciation Is in Use,the Depreciation Rate of an Asset

question 59

Multiple Choice

When straight-line depreciation is in use,the depreciation rate of an asset is equal to:

• A)1 divided by the life of the asset.
• B)1 divided by the cost of the asset.
• C)The cost of the asset divided by the life of the asset.
• D)The cost of the asset less its salvage value divided by the life of the asset.