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The Massachusetts constitution, although it has been amended 120 times, is the only one of the original thirteen that still exists, because
Straight-Line Method
A method of calculating depreciation or amortization by evenly dividing the asset’s cost over its useful life.
Salvage Value
The estimated residual value of an asset at the end of its useful life, expected to be recovered after its use is completed.
Monthly Depreciation
The portion of an asset’s cost that is expensed each month over its useful life.
Old Plant Asset
An asset that has been in use for a considerable period and is often nearing the end of its useful life.
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