| NOUN | possession | straight-line method of depreciation, straight-line method | (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 |
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| 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. | |
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| Synonym | straight-line method | |
| Category | accounting | A system that provides quantitative information about finances |
| Broader | depreciation, wear and tear | decrease in value of an asset due to obsolescence or use |
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