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Straight-line: (cost − salvage) / useful life. Declining balance doubles the straight-line rate applied to book value each year. Sum-of-years-digits front-loads depreciation. MACRS (US tax) uses IRS-specified recovery periods and conventions. Depreciation reduces taxable income; accumulated depreciation reduces book value on the balance sheet. Consult a tax advisor for MACRS class assignments.
Straight-line depreciation / year
$5,714.29