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Depreciation Expense
This refers to the allocation of the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up during a fiscal period.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against an asset since it was put into service.
Straight-line Method
An accounting method for calculating depreciation by evenly distributing the cost of an asset over its useful life.
Residual Value
The estimated remaining value of an asset at the end of its useful life.
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