What does straight-line method of depreciation mean?
Definitions for straight-line method of depreciation
straight-line method of depre·ci·a·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word straight-line method of depreciation.
Princeton's WordNet
straight-line method, straight-line method of depreciationnoun
(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
ChatGPT
straight-line method of depreciation
The straight-line method of depreciation is an accounting method in which the value of an asset is reduced uniformly over its estimated useful life. It's calculated by subtracting the asset's salvage value from its original cost and then dividing by the number of years it is expected to be used. This method assumes that the asset will lose an equal amount of value each year.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of straight-line method of depreciation in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of straight-line method of depreciation in Pythagorean Numerology is: 5
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"straight-line method of depreciation." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/straight-line+method+of+depreciation>.
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