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Straight-Line Depreciation
(redirected from straight line depreciation)

    Also found in: Financial, Wikipedia 0.01 sec.

A method employed to calculate the decline in the value of income-producing property for the purposes of federal taxation.

Under this method, the annual depreciation deduction that is used to offset the annual income generated by the property is determined by dividing the cost of the property minus its expected salvage value by the number of years of anticipated useful life.
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If FIFO inventory and straight line depreciation were used in one year and LIFO inventory and accelerated depreciation were used in the subsequent year, the financial statements would not be comparable unless the changes were properly disclosed.
What's it all about? by Schwartz, Marlyn A. / The National Public Accountant
 
 
 
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