Math Snap

STEP 1

Assumptions1. The cost of the equipment is $15,963. The useful life of the equipment is13 years3. The depreciation is calculated using the straight-line method

STEP 2

The formula for straight-line depreciation is given by$$= \frac{1}{n} \times x$$where- $$ is the annual depreciation,
- $n$ is the useful life of the item in years,
- $x$ is the cost of the item.

STEP 3

Now, plug in the given values for the cost of the equipment and the useful life of the equipment into the formula to calculate the annual depreciation.
= \frac{1}{13} \times \($\)15,963

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