Straight Line Depreciation

Straight line depreciation is a cost expiration method that is used for fixed assets that lose value evenly throughout the years.

Let’s say a wooden table costs $5,000 and is expected to last 10 years. $5,000 divided by 10 = $500. Every year would we deduct $500 of depreciation cost for the table.

https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/straight-line-depreciation/