Unformatted text preview: Straight-line Depreciation - Straight-line depreciation — Spreads the depreciable value evenly over the useful
life of an asset — Is by far the most popular method for financial
reporting purposes - The depreciation expense charged to Chang's
income statement is Depreciation expense = (C — R) f n
= ($41,000— 1,000)! 4 = $10,000 per year...
View Full Document
- Fall '07
- Financial Accounting