Another name for the straight-line depreciation method is the what method?

The straight-line depreciation method is commonly referred to as the Age-Life method. This terminology is derived from the underlying principles of the method, which calculates depreciation by assuming that an asset loses value evenly over its useful life. The Age-Life method divides the cost of the asset by the number of years it is expected to be in service, resulting in a consistent annual depreciation expense.

This approach is particularly favored for its simplicity and ease of application, making it suitable for a wide range of assets. It provides a straightforward way to allocate the cost of an asset over time, aligning expenses with revenue generation in a way that is easy for stakeholders to understand and apply in financial reporting.

Other options, while they may suggest different concepts or approaches to asset valuation and depreciation, do not provide the same clear association with the straight-line depreciation method as the Age-Life method does.