STRAIGHT-LINE METHOD OF DEPRECIATION

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

(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; straight-line method of depreciation

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("straight-line method of depreciation" is a kind of...):

depreciation; wear and tear (decrease in value of an asset due to obsolescence or use)

Domain category:

accounting (a system that provides quantitative information about finances)

Credits