The annual depreciation expense is equal to the cost of the asset divided by the useful life of the asset (in years).

Name: The annual depreciation expense is equal to the cost of the asset divided by the useful life of the asset (in years).
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Question

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The annual depreciation expense for a straight-line depreciation method is calculated by dividing the cost of the asset minus its salvage value by the useful life of the asset in years.

The Annual Depreciation Expense Is Equal to the Cost of the Asset