Examlex
Match each description with the item below.
-Junípero Serra
Straight-line Depreciation
A method of allocating the cost of a tangible asset over its useful life, evenly distributing the depreciation expense each year.
Double Declining-balance
A method of accelerated depreciation where an asset’s value is reduced at double the rate of traditional straight-line depreciation.
Net Income
The resultant profit or loss after all expenses and incomes, including tax expenses have been accounted for, over a period.
Straight-line Method
An approach to determining depreciation by consistently allocating the expense of an asset throughout its expected life.
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