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Some People Feel Awkward When They First Start Using This

question 9

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Some people feel awkward when they first start using this language.


Definitions:

Depreciation Expense

The allocation of the cost of an asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Straight-Line Basis

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

Salvage Value

The expected sale value of an asset upon reaching the end of its serviceable life.

Units-Of-Activity Method

Depreciation method in which useful life is expressed in terms of the total units of production or use expected from an asset.

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