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Financial Accounting for Local and State School Systems: 2009 Edition
NCES 2009-325
June 2009


Exhibit 3.  Straight-line depreciation method
   
Historical cost of equipment $45,000
Estimated salvage value $5,000
Estimated useful life 8 years
Annual Depreciation expense calculation ($45,000 $5,000) / 8 years = $5,000 depreciation expense per year
   
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National Center for Education Statistics - http://nces.ed.gov
U.S. Department of Education