STRAIGHT-LINE METHOD OF DEPRECIATION
(noun)Definitions
There is 1 meaning of the phrase
Straight-Line Method Of Depreciation.
Straight-Line Method Of Depreciation - as a noun
(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
Synonyms (Exact Relations)
straight-line methodExample Sentences
"The straight-line method of depreciation evenly allocates the cost of an asset over its useful life."
"Under the straight-line method of depreciation, the annual depreciation expense is the same throughout the asset's useful life."
"The straight-line method of depreciation is commonly used for accounting purposes."
"The company decided to use the straight-line method of depreciation for their new equipment."
"Using the straight-line method of depreciation, the value of the asset decreases steadily over time."
Word Variations & Relations
A-Z Proximities
straight-backedstraight-billedstraight-grainedstraight-lacedstraight-legged Straight-Line Method Of Depreciation
straight-outstraightarrowstraightawaystraightawaysstraightbred
