Examlex
With the ___-as-a-service model, cloud computing providers offer remotely accessible servers, networks, and storage capacity.
Double Diminishing-Balance
A method of accelerated depreciation which doubles the rate at which an asset's book value depreciates, leading to larger deductions in the early years of an asset's life.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.
Residual Value
Residual Value is the estimated amount that an asset will realize upon its sale at the end of its useful life.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset evenly over its useful life, providing a consistent annual depreciation expense.
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