Really I am confusing about depreciation. Please let me have idea on depreciation.
Usually in straight line dep. method dep. calculation will happen on useful life.
Ex:- Asset value-1000 USD
Useful life- 10 Years
Dep. per year- 1000/10=100 USD
Here no need to use dep. rates. Then why are we using dep. % and how this %'s will calculate dep.
I am very greatful to the peron who will clarifies my doubt.
Thanks in advance