Pass Your FINRA Exam Guaranteed Or Your Money Back With Our Greenlight Guarantee
For more than 25 years we’ve helped students pass over 250,000 exams and we’ve done so with industry leading pass rates!
Pass our Greenlight guaranteed practice exam & we guarantee you’ll pass your exam – or your money back!*
Straight line depreciation is an accounting method that allows an owner to take equal tax deductions over the useful life of the asset.
When a corporation purchases a piece of machinery for cash, the cash on the balance sheet is reduced and the equipment line on the balance is increased by and equal amount. To account for the fact that the machine will not last forever the corporation will take a non cash charge known as depreciation, this charge reduces earnings over the useful life of the machine.