| / English Dictionary |
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)
YOU MAY ALSO LIKE
