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A simple method of calculating and reporting the decreasing value of an asset for financial and tax purposes. The cost of an asset, minus the salvage value, is divided by its years of useful life. The resulting figure is the value of the depreciation deduction that may be applied annually over the life of the asset.

Synonyms: SL depreciation, straight line depreciation
Synonyms list (a comma-separated list)
SL depreciation, straight line depreciation