NOUN
- (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
How To Use straight-line method In A Sentence
- The available depreciation methods consist of the straight-line method, unit of production method, double declining balance method, sum of the years digits method, etc.
- A taxpayer may make an irrevocable election to treat all property in one of the classes under the straight-line method.
- Depreciation is provided on the straight-line method over the estimated useful lives of the assets.
- For residential rental property(27.5 years) and nonresidential real property(31.5 years), the applicable method is the straight-line method.
- Over the entire life of the asset, however, both the straight-line method and accelerated methods recognize the same total amount of depreciation.
