Annual Straight Line Depreciation is an accounting method used to spread out the cost of a tangible asset over its useful life. This means that the same amount of depreciation is accounted for each year, allowing businesses to accurately assess their current and future tax liability. Businesses don’t just benefit from Straight Line Depreciation; it also helps keep their books accurate and up-to-date, as it ensures that assets are consistently depreciated over time. As such, annual straight line depreciation is an essential part of running a successful business!