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
• Topics: ↑accounting
• Hypernyms: ↑depreciation, ↑wear and tear
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noun : a method of calculating periodic depreciation that involves subtraction of the scrap value from the cost of a depreciable asset and division of the resultant figure by the anticipated number of periods of useful life of the asset — compare compound-interest method
Useful english dictionary. 2012.