A company using the straight-line method over 10 years would be depreciating its asset at a 10% rate each year.

Name: A company using the straight-line method over 10 years would be depreciating its asset at a 10% rate each year.
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Question

Quizplus · Accepted Answer

The straight-line method of depreciation spreads the cost of the asset evenly over its useful life, so for a 10-year life, the annual depreciation rate would indeed be 10% (100% / 10 years = 10% per year).

A Company Using the Straight-Line Method Over 10 Years Would