A firm bought a machine for sh 1600000 ?it is expected to be used for 5 years then sold for sh100,000What is the amount of depreciation if the straight line method is used? ?

The amount of depreciation using the straight-line method can be calculated as follows:

Depreciation per year = (Cost of machine - Salvage value) / Useful life
Depreciation per year = (1600000 - 100000) / 5
Depreciation per year = 1500000 / 5
Depreciation per year = 300000

Therefore, the amount of depreciation per year using the straight-line method is sh 300,000.