Depreciation is assumed to occur at a constant rate when using the straight-line method.
It determines the depreciation of a certain asset over the course of a year and then subtracts that amount from the asset each succeeding year. The "straight line" in "straight-line depreciation" refers to this.
The following is the formula to determine straight line depreciation: Estimated useful life of an asset x (cost of the asset - estimated salvage value) Equals straight line depreciation.
The easiest way for figuring out depreciation over time is straight-line depreciation. For each year that an asset is useful, the same amount of depreciation is subtracted from its value using this method.
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