Straight-line Method Of Depreciation
Noun
1.
straight-line method of depreciation
- (accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life
straight-line method
accounting
- a system that provides quantitative information about finances
wear and tear
,
depreciation
- decrease in value of an asset due to obsolescence or use
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