The first full manifestation of modern nationalism occurred in 17th-century England, in the Puritan revolution. England had become the leading nation in scientific spirit, in commercial enterprise, in political thought and activity.
Step 1. Determine the original cost of the asset and its useful life. The original cost of the asset is the price you paid for it and the useful life of the asset is the number of years that it will be able to create value for you or the organization. Step 2. Calculate depreciation using the straight line method.This is the easiest, and therefore most common, depreciation methodology.he original cost of the asset is the price you paid for it and the useful life of the asset is the number of years that it will be able to create value for you or the organization. Step 2. Calculate depreciation using the straight line method. This is the easiest, and therefore most common, depreciation methodology.
Calculate the total asset turnover. Now that you have your net sales number and your average total asset number, you are ready to calculate your total asset turnover. To calculate your total asset turnover, you will need to divide your net sales number by your average total asset number. Use the total asset turnover ratio: total asset turnover = net sales / average total assets. Our hypothetical calculation would be: $185,000 / $256,000 = 0.72.