A company is said to be following in its
books of accounts, if it is depreciating
machinery using Straight Line Method every
year.
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Step-by-step explanation:
Straight-line depreciation is a simple method for calculating how much a particular fixed asset depreciates (loses value) over time.
The straight-line method of depreciation assumes a constant rate of depreciation. It calculates how much a specific asset depreciates in one year, and then depreciates the asset by that amount every year after that.
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