Examlex
Use inductive reasoning to predict the next equation.
-(1 × 9) - 7 = 2
(21 × 9) - 7 = 182
(321 × 9) - 7 = 2882
Residual Value
The salvage value of an asset after its period of use has ended, reflecting its remaining worth.
Depreciation Method
A methodical strategy for distributing the expense of a physical asset across its lifespan.
Straight-Line
A method of allocating an asset's cost evenly over its useful life for purposes of depreciation.
Contra Asset Account
An account on a balance sheet that reduces the value of an associated asset account, such as accumulated depreciation.
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