- Depreciation, Straight-line
- Straight-line depreciation takes the cost of the asset less the estimated salvage value and allocates the cost in equal amounts over the asset's estimated useful life.
Energy terms . 2014.
Depreciation, Straight-line
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depreciation, straight-line — n. A method of depreciation in which the cost of an asset is deducted in equal amounts over its life. See also accelerated cost recovery system The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell … Law dictionary
straight–line depreciation — see depreciation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
straight-line depreciation — A method of deducting the cost of a business asset by deductions in equal annual amounts. The period of time is specified by the Internal Revenue Code for different categories of assets, typically from three to 39 years. Category: Business, LLCs… … Law dictionary
straight line — ˌstraight ˈline adjective ACCOUNTING the straight line method of calculating depreciation (= fall in value) on an asset involves dividing the original cost of the asset, less its value as scrap, by the number of years it is expected to be used.… … Financial and business terms
straight line depreciation — A method of calculating the depreciation of an asset that assumes the asset will lose an equal amount of value every year. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
straight-line — [strāt′līn΄] adj. 1. composed of straight lines 2. Finance designating or of a method of allocating costs to given time periods at a fixed rate [straight line depreciation] 3. Mech. a) designating or of a device, mechanism, etc. whose main parts… … English World dictionary
straight–line — adj: marked by equal payments over a given term using the straight–line method of depreciation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
straight-line method — UK US noun [S] ACCOUNTING ► a way of depreciating (= reducing the value of) a fixed asset in a company s accounts, in which the asset s value is reduced by the same amount each year. This amount is equal to the asset s value when you can no… … Financial and business terms
straight-line method — n. A method for figuring depreciation of an asset by subtracting the anticipated salvage value, and then dividing the remainder by the estimated number of years of its usefulness. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 … Law dictionary
straight-line — ˈ ̷ ̷| ̷ ̷ adjective 1. : being a mechanical linkage or equivalent device designed to produce or copy motion in a straight or approximately straight line 2. a. : having the principal parts arranged in a straight line a straight line compressor… … Useful english dictionary
