From Longman Business Dictionarystraight lineˌstraight ˈline adjective ACCOUNTING the straight line method of calculating DEPRECIATION (=fall in value) on an asset involves dividing the original cost of the asset, less its value as SCRAP, by the number of years it is expected to be used. This amount is taken away as a depreciation cost each year of the asset’s lifeThe straight line method was rejected as it does not reflect the relationship between finance costs and the amount outstanding.Motor vehicles are depreciated on a straight line basis.
