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Use Summation Notation
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Residual Value
The estimated amount that an asset will be worth at the end of its useful life, after deducting any expected costs of disposal.
Straight-Line Method
A method of calculating depreciation by evenly spreading the cost of an asset over its expected useful life.
Depreciation Rate
The percentage rate at which an asset decreases in value over a specific period, often used for tax and accounting purposes.
Residual Value
The estimated amount that an asset will be worth at the end of its useful life.
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