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give the formula to calculate annual depreciation as per "straight line method."

The two formulae for calculating annual depreciation as per straight line method are provided below.
  1. If rate of depreciation is not given: Annual Depreciation = Original Cost of Asset - Estimated Scrap ValueEstimated Useful Life
  2. If rate of depreciation is given = Original Cost of Asset × Rate100

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There are two formulas for calculating depreciation as per SLM:- 
  1. Depreciation= Cost of good sold - Scrap value / Life of assets 
  2. Depreciation= Cost of assets * Rate/100
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Depreciation= Cost of Asset-Residual Value /Estimated life of Asset
(This formula is only applicable for straight line method)
Depreciation= Cost of Asset X Rate of Depreciation /100
(This formula is applicable for both Straight line method and Written Down Value Method)
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