ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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STRAIGHT-LINE DEPRECIATION METHOD Definition
STRAIGHT-LINE DEPRECIATION METHOD allows an equal amount to be charged as depreciation for each year of the expected use of the asset. It is computed by dividing the adjusted basis of a property by the estimated number of years of remaining useful life.
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POUND is a currency of Biafra, Cyprus, Egypt, England, Falkland Islands, Guernsey, Isle of Man, Jersey, Lebanon, Libya, Nigeria, Palestine, Rhodesia, South Africa, St. Helena, South Africa, Syria, England, Scotland, Northern Ireland, Isle of Man, Jersey, and Guernsey.
TAXABLE INCOME is that income that is reported to the government for the purposes of calculating income taxes. Taxable income normally is not aligned with the financial income reported within financial statements. See FINANCIAL INCOME.