If you are using a straighten method of depreciation and Stan's bake oven has a residual value of 1000 how much depreciation will he account for each year and what would the adjustment be for each m?

Using the straight-line method of depreciation, the annual depreciation expense is calculated by subtracting the residual value from the initial cost and then dividing by the useful life of the asset. If Stan's bake oven has a residual value of $1,000, the annual depreciation will depend on its initial cost and useful life. For example, if the oven costs $10,000 and has a useful life of 10 years, the annual depreciation would be ($10,000 - $1,000) / 10 = $900. The adjustment for each month would be $900 / 12 = $75.