Examlex
You want to simplify your language and use short,familiar words that your audience will recognize.Which of the following sentences has the best wording?
Straight-line
A method of depreciation that allocates an equal expense rate to each year of an asset’s useful life.
Accelerated Methods
Depreciation methods that allocate more depreciation expense to the earlier years of an asset's life.
Depreciation
Strategically spreading out the cost of a tangible asset throughout its period of usefulness.
Accounting Estimate
An approximation of a financial transaction's value when precise measurement is not possible, often used in accrual accounting.
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