Why is the straight-line depreciation method important? The straight-line depreciation method is important because you can ...

When an asset is eventually sold or retired from use, reducing its value ... various methods used to calculate depreciation include straight line, declining balance, sum-of-the-years' digits ...

Accumulated depreciation is recorded in a contra account as a credit, reducing the value of fixed assets. The four methods allowed by generally accepted accounting principles (GAAP) are the ...