Examlex
Find the product, AB, if possible.
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Residual Value
The estimated amount that an asset will realize upon its disposal at the end of its useful life after deducting expected costs of disposal.
Annual Depreciation
The portion of the cost of a fixed asset that is expensed each year over its useful life as a way to allocate the cost over time.
Useful Life
The estimated period that an asset is expected to be usable for the purpose for which it was acquired, affecting its depreciation or amortization.
AASB 116
An Australian accounting standard that outlines the accounting treatment for property, plant, and equipment including recognition, depreciation, and impairment.
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