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Energy Saving Device
A device designed to reduce energy consumption without compromising the functionality of the equipment it is attached to.
Original Useful Life
Original Useful Life refers to the expected duration, typically measured in years, during which an asset is considered usable for its intended purpose.
Remaining Book Value
The net amount of an asset or liability recorded on the balance sheet, reflecting original cost adjusted for depreciation, amortization, and impairments.
Salvage Value
The estimated residual value of an asset at the end of its useful life.
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