straight-line depreciation
- A deduction process of a business asset's cost in equal yearly installments over a set time period, usually between three to 39 years, as designated by the Internal Revenue Code
- The company used straight-line depreciation for their machinery over a period of 10 years.
- With straight-line depreciation, we were able to spread the cost of the new equipment over its service life.
- The Internal Revenue Code allows us to use straight-line depreciation for this office building over a span of 39 years.
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