Examlex
Becoming accustomed to thinking of only a limited number of uses for something is known as ________.
Annual Depreciation
The amount of an asset's cost that is allocated as expense across one year of its useful life, reflecting the asset's loss of value over time.
Double-declining-balance Method
A method of accelerated depreciation which doubles the straight-line depreciation rate, applying it against the un-depreciated balance each year.
Depreciation Schedule
A table detailing the periodic depreciation expense for an asset over its useful life.
Annual Depreciation
The process of allocating the cost of a tangible asset over its useful life on a yearly basis.
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