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.
1 Straight-line method-This takes an estimated scrap value of the asset at the end of its life and subtracts it from its original cost. 2  This result is then divided by management's estimate of the number of useful years of the asset. 3  The company expenses the same amount of depreciation each year.ccording to the accelerated double-declining depreciation, Tricky's depreciation expense in the first year after buying the IT system would be this: 2 x straight line rate = 2 x($2,000,000 - $500,000)/15. 2 x straight line rate = $200,000.