BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -To estimate how much value your car has lost, simply subtract the car’s current fair market value from its purchase price, minus any sales tax or fees. If you’re considering buying a car, look up the fair market value of older versions of the make and model to get a sense of the car’s value down the road.

Detailed explanation-2: -Determine the cost of the asset. Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount. Determine the useful life of the asset. Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount.

Detailed explanation-3: -The formula for calculating straight line depreciation is: Straight line depreciation = (cost of the asset – estimated salvage value) ÷ estimated useful life of an asset.