Can you explain the depreciation methods commonly used for fuel-related equipment?
Fuel Equipment Depreciation There are two main depreciation methods used for Fuel Equipment Depreciation: Straight-line depreciation assumes that the cost of the equipment is depreciated evenly over its useful life. The formula is: Depreciation expense = (Cost of asset – Salvage value) / Useful life Declining balance depreciation assumes that the depreciation expense is… Read More »