Business and Personal Finance Dictionary

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• STRAIGHT-LINE DEPRECIATION
  
  Is an accounting procedure whereby each year's depreciation is equal to the other years. If an asset has an expected useful life of 5 years then 20 percent of its adjusted cost is charged against revenues each year. If the asset has an expected useful life of 10 years, then 10 percent of its adjusted cost is charged against revenues each year.
  
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