Difference between revisions of "Straight-line method"
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[[Straight-line method]] (hereinafter, the ''Method'') is a method that allocates an equal amount of [[depreciation]] over an asset's period of usefulness. | [[Straight-line method]] (hereinafter, the ''Method'') is a method that allocates an equal amount of [[depreciation]] over an asset's period of usefulness. | ||
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| + | ==Definitions== | ||
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Straight-line method]]. Method that allocates an equal amount of depreciation over an asset's period of usefulness. | ||
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| + | ==Related concepts== | ||
| + | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | ||
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| + | ==Related coursework== | ||
| + | *[[Principles of Accounting]]. | ||
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| + | [[Category: Accounting]][[Category: Articles]] | ||
Revision as of 10:46, 20 December 2018
Straight-line method (hereinafter, the Method) is a method that allocates an equal amount of depreciation over an asset's period of usefulness.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Straight-line method. Method that allocates an equal amount of depreciation over an asset's period of usefulness.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
