Store, Store Brand, Straight-Line Depreciation, Straight Time

Store, Store Brand, Straight-Line Depreciation, Straight Time :

Store : an institution which stocks goods for sale to buyers or that is the base of operations for the sale of goods or services

Store Brand : a brand of goods that is associated with a particular retailer which is prepared, packaged, labelled, etc. to meet the retailer’s specifications

Straight-Line Depreciation : A very common form to belittle the general accounting reports whereby the annual depreciation for an asset is calculated by deducting salvage value from the cost of the asset and dividing by the anticipated life, for example a bus used in the business is bought for $ 15,000 and is expected to have a useful life of five years at the end of which time it will be worth $ 6,000 the salvage value from $ 15,000 the cost leaves $ 9,000 to depreciate : Rs.9,000 divided by five, the number of years over which it is to be depreciated, gives a total of $ 3,000 per year that may be claimed for depreciation

Straight Time : The normal rate of salary determined by law, company policy or a collective bargaining agreement without addition of shift differential, overtime pay, etc.


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