Straight-line depreciation is a very typical technique used in a wide range of organizations and considered essential by various businesses of different niches within Australia as well as elsewhere while following a specific depreciation schedule. The business straight line depreciation is beneficial for decreasing the expense, or price tag, of assets. This procedure decreases the expense of an asset by an equivalent sum every year over the evaluated valuable existence of the asset, commonly in various years. The depreciation amount is recorded in a depreciation table that shows the amount over the span of asset’s life. Straight-line depreciation is determined by separating the depreciable expense of the asset by the quantity of years the asset will be utilized.