Calculate Annual Depreciation under straight line method from given details Purchase Value $ 2000,Expected Life 5 years,Scrap Value $ 500?

The value of annual depreciation = (cost - scrap value) / the number of years of use

300= 1500/5 = The value of annual depreciation = (2000-500) / 5

Monthly depreciation = 300/12 = 25 

Yearly depreciation =

Monthly depreciation =/ = 

Yearly depreciation = $300