straight-line method of depreciation meaning

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straight-line method of depreciation (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.

Definition of straight-line method of depreciation

  1. (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: straight-line method

    Type of: depreciation

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