Straight-line depreciation is an accounting method used to allocate the cost of a tangible asset evenly over its useful life. Under the straight-line @depreciation method, the annual depreciation expense is calculated by subtracting the asset's salvage value from its original cost and then dividing the result by the number of years the asset is expected to be in service. This approach is widely adopted because of its simplicity and predictability, offering a consistent expense amount each year throughout the asset’s useful period. Straight-line depreciation is commonly applied to fixed assets such as buildings, equipment, and vehicles, making it a standard practice in financial reporting and tax calculations. Organizations often choose this method for assets whose utility is consumed at a relatively uniform rate. The process also facilitates easier comparison of asset values over time and provides transparency in financial statements, supporting accurate assessment of an entity’s capital investments. No additional contextual information or alternative methods are provided here.

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