Long-Term Assets: Straight-Line Depreciation Method Example

This video shows how to calculate Straight-line depreciation expense both for a full year and partial year. Example includes adjusting entry and asset book value.
@ProfAlldredge
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[nicholi]

So the residual is literally what the item is worth at the end of its life, like for scrap or whatever. Thanks, these videos are fantastic.

[wyattfreie]

These videos are the reason I passed Accounting

[danpham]

I have a car that is used for personal & business. Using the formula provided, do I also need to multiply by business mileage percentage use?