describe the process for making a straight-line depreciation schedule.?

Answer 1

Determine the useful life of the asset. Determine the date the asset was first used. Determine the total cost of the asset, all acquisition and installation costs. Divide the asset cost by the number of years of the useful life of the asset. Take that annual figure and prorate the amount for the first year and the balance will be the last years amount. Label the line as to what the asset is spread the amounts on a multi-columned sheet and you have a Straight-Line Depreciation schedule, label the columns the years from 200x to 200Z

You should subtotal the columns after each years additions.

Good luck