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