straight-line depreciation

Definition of "straight-line depreciation"
  1. 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
How to use "straight-line depreciation" in a sentence
  1. The company used straight-line depreciation for their machinery over a period of 10 years.
  2. With straight-line depreciation, we were able to spread the cost of the new equipment over its service life.
  3. 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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