Slide 9-18 Straight-Line method Example On January 1, 1998, Bass Co buys a new boat. Bass Co pays $24,000 for the boat the boat has an estimated residual value of $ 3, 000 and an estimated useful life of 5 years Compute depreciation for 1998 using the straight-line method Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999?The McGraw-Hill Companies, Inc., 1999 Slide 9-18 Irwin/McGraw-Hill Straight-Line Method Example On January 1, 1998, Bass Co. buys a new boat. Bass Co. pays $24,000 for the boat. The boat has an estimated residual value of $3,000 and an estimated useful life of 5 years. Compute depreciation for 1998 using the straight-line method