Examlex
Problems considered "short-term" are isolated incidents that occur and are resolved within a few days.
Depreciation Expense
The organized spreading of a tangible asset's expense over the duration of its utility.
Useful Life
The estimated duration a fixed asset is expected to be economically usable, with normal repairs and maintenance.
Straight-Line Method
A depreciation technique that allocates an equal amount of depreciation to each year of the asset's useful life.
Salvage Value
The estimated resale value of an asset at the end of its useful life, used in calculating depreciation.
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