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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CAPITAL IN EXCESS OF PAR see ADDITIONAL PAID IN CAPITAL.

FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) is a professional organization which develops accounting principles.

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