Question Help The lost value of equipment over a period of time is called depreciation The simplest method for calculating depreciation is straight line depreciation The annual straight-line depreciation of an item that costs x dollars with a useful life of n years is D = (1) Find the depreciation for items with the given characteristics Cost is 515,963, life is 17 yr The annual straight-Ine depreciation is approximately per year (Round to the nearest cent)