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Useful Life
The estimated period of time that an asset is expected to be used by an entity, affecting its depreciation calculation.
Declining-Balance Method
The declining-balance method is an accelerated depreciation technique that applies a constant rate of depreciation to an asset's book value each year, resulting in decreasing depreciation expenses over time.
Straight-Line Method
A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.
Declining-Balance
A method of accelerated asset depreciation where the depreciation expense decreases over time.
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