A procedure based on Kötter’s equation is developed for the evaluation of bearing capacity factor Nγ with Terzaghi’s mechanism. Application of Kötter’s equation makes the analysis statically determinate, in which the unique failure surface is identified using force equilibrium conditions. The computed Nγ values are found to be higher than Terzaghi’s value in the range 0.25–20%, with a diverging trend for higher values of angle of soil internal friction. A fairly good agreement is observed with other solutions which are based on finite difference coupled with associated flow rule, limit analysis, and limit equilibrium. Finally, the comparison with available experimental results vis-à-vis other solutions shows that, computed Nγ values are capable of making a reasonably good prediction.