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 & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


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

Dictionary from West's Encyclopedia of American Law. 2005.


straight-line depreciation
A method employed to calculate the decline in the value of incomeproducing property for the purposes of federal taxation.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • straight–line depreciation — see depreciation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • 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 depreciation — noun : periodic reduction in the book value of an asset by a fixed percentage of its original cost based on its estimated life compare depreciation charge * * * straight line depreciation, a method of depreciation in which the original cost of… …   Useful english dictionary

  • straight line depreciation — /streɪt laɪn dɪpriɪʃiˌeɪʃ(ə)n/ noun depreciation calculated by dividing the cost of an asset, less its remaining value, by the number of years it is likely to be used COMMENT: Various methods of depreciating assets are used; under the ‘straight… …   Marketing dictionary in english

  • Straight line depreciation — An equal dollar amount of depreciation in each accounting period. The New York Times Financial Glossary …   Financial and business terms

  • straight-line depreciation — A method for achieving periodic reductions in the book value of fixed assets in which each periodic reduction is the same amount as every other reduction for the same asset. American Banker Glossary amortizing or apportioning an equal dollar… …   Financial and business terms

  • straight line depreciation — calculate depreciation by multiplying the cost of the asset by the scrap value at a set rate (Accounting) …   English contemporary dictionary

  • straight line depreciation — /ˌstreɪt laɪn dɪˌpriʃi eɪʃ(ə)n/ noun depreciation calculated by dividing the cost of an asset, less its remaining value, by the number of years it is likely to be used …   Dictionary of banking and finance

  • straight-line depreciation — See depreciation …   Black's law dictionary

  • straight line depreciation — A deduction in calculating net income subject to tax, computed by dividing the adjusted basis of the property at the beginning of the year, less the estimated salvage value, by the number of years of estimated useful life remaining at the time.… …   Ballentine's law dictionary

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