straight-line method

Noun

Open English WordNet

Noun (1)

  1. (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 lifeSynonyms: straight-line method of depreciationType of depreciation, wear and tear
Word of the day · Oct 17About this word

What does it mean? Question 1 of today’s quiz

Advertisement
Advertisement