Nev. Admin. Code § 361.388

Current through December 12, 2024

Section 361.388 - "Straight-line depreciation" defined

"Straight-line depreciation" means the accounting practice of recording equal annual increments of depreciation over the estimated life of an asset. In an appraisal it means equal annual increments of loss in value.

Nev. Admin. Code § 361.388

Tax Comm'n, Property Tax Reg. part No. 15, eff. 10-30-79-NAC A 9-30-88

NRS 360.090, 361.320