STRAIGHT-LINE DEPRECIATION METHOD Definition

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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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PAPER GAIN (LOSS) is an unrealized capital gain (loss) in an investment or portfolio.

DEVOLUTION is the delegation of authority from higher to lower levels.

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