The method of depreciation in which the value of a fixed asset is reduced uniformly over its useful life is called the Straight-line method of depreciation. Under this method, the cost of the asset is spread out evenly over its useful life, and a fixed amount of depreciation is charged in each accounting period. The formula for calculating depreciation under the straight-line method is as follows: Depreciation expense = (Cost of asset – Salvage value) / Useful life
To bring to the book
Select the most appropriate meaning of the given idiom.
To bear the palm
An entrepreneur must keep his fingers on the pulse of the market to be successful.
"The report had more holes than Swiss cheese , making it difficult to trust the conclusions drawn from it."
Rina’s house is at a stone’s throw from the school.
Select the most appropriate meaning of the given idiom.
Pull up your socks
Contain commonly used idioms and phrases in the English language. In each case, choose the option representing the correct meaning of each of ...
The traffic came to a standstill after the heavy downpour of rain.
Given below are the sentences with Idioms and Phrases highlighted in bold. You are required to choose the most correct meaning of the phrase from the g...
Fill in the blank given below using the correct idiom.
The athlete's dedication to training paid off when he won the championship, and his vi...