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Match Each Term with the Correct Definition

question 25

Multiple Choice

Match each term with the correct definition.
-Montessori


Definitions:

Yearly Depreciation Expense

The allocation of the cost of a tangible asset over its useful life on an annual basis.

Depreciable Cost

The cost of a fixed asset minus its salvage value, representing the total amount that can be depreciated over its useful life.

Straight-Line

A method of calculating depreciation or amortization that allocates an equal portion of an asset's cost to each period of its useful life.

Units-of-Activity

A depreciation method that allocates expense based on the actual usage or production levels of an asset.

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