Depreciation method in which an equal amount of depreciation expense is assigned to each year (or period) of asset use.

A depreciation method that spreads the cost or other basis of property evenly over its estimated useful life. Tangible Personal Property: Property other than real estate that physically exists. Aircraft, business equipment and vehicles are examples of tangible personal property. Assets such as trademarks, patents and franchises only represent value and are therefore intangible property. [Back to Top of 1031 Exchange Glossary

A method of depreciation where the deduction is taken in equal amounts each year for the useful life of an asset.