Sharon purchased a new photocopier for her business.According to her accountant,she can deduct 1/7^th of its original cost each year for the next seven years from her taxable income.This depreciation method is commonly referred to as:

Question

Quizplus · Accepted Answer

The straight line method allows for equal depreciation deductions each year over the asset's useful life, which matches the 1/7th deduction each year for seven years.

Sharon Purchased a New Photocopier for Her Business