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Posted on Jul 12, 2024

I need to calculate the depreciation of an asset using straight line depreciation. This is the information I have but I'm struggling to find the

I need to calculate the depreciation of an asset using straight line depreciation.

This is the information I have but I'm struggling to find the answer without a value for useful life.

It was purchased for $30720, and depreciates at 20% per annum. It also has a $0 residual value.

Any help would be useful!

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