What does straight-line method mean?
Definitions for straight-line method
straight-line method
This dictionary definitions page includes all the possible meanings, example usage and translations of the word straight-line method.
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
The straight-line method is a financial strategy used for calculating depreciation and amortization charges over an asset's useful life. This method evenly allocates the cost of an asset over each year of its expected use, based on its purchase price, residual value, and predicted lifespan. It is the simplest and most commonly used method for allocating depreciation on an asset.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of straight-line method in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of straight-line method in Pythagorean Numerology is: 9
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"straight-line method." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/straight-line+method>.
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