Examlex
Match the term with its definition:
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Straight-Line Depreciation
Straight-line depreciation is a method of allocating the cost of a tangible asset over its useful life in equal installments.
Present Value Interest Factors
A factor used to calculate the present value of a single future payment or a series of future payments, based on a specific interest rate and time period.
Guaranteed Residual Value
The predetermined value of a leased asset at the end of the lease term, often guaranteed by the lessee or a third party.
Maintenance Agreement
A contract between a service provider and a client for the ongoing maintenance and repair of equipment or property.
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