fixed instalment system

fixed instalment system
fixed instalment system fixed instalment system system

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fixed instalment system UK US noun [C]
ACCOUNTING a method of depreciating (= spreading the cost of something over several financial years) an asset in a company's accounts in which the same amount is subtracted every year: »

We decided to depreciate the machinery at 10% per annum under the fixed instalment system.

See also STRAIGHT-LINE METHOD(Cf. ↑straight-line method)

Financial and business terms. 2012.

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