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

Studdy Solution
Round the annual depreciation to the nearest cent.
$$= \$1227.92 \approx \$1227.92$$The annual straight-line depreciation is approximately $1227.92 per year, rounded to the nearest cent.