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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VENDOR is a legal entity that promotes or exchanges goods or services for money.

CREDITORS TURNOVER = Average creditors / (Credit Sales / 365).

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