Examlex
x 12- 4 = 1 + x 14+ 4
Replacement Value
The cost to replace an asset at its current market price, considering similar functionality and condition, without necessarily replicating the original.
Depreciation
The calculated division of the cost of a solid asset across its lifespan of usability.
Salvage Value
The estimated residual value of an asset after its useful life has ended and it can no longer be used for its intended purpose.
Useful Life
It's the expected period over which an asset is considered usable and economically efficient for its intended purpose.
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