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Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or loss of value.
Declining Balance Depreciation
A depreciation method that applies a constant rate to the declining book value of an asset, resulting in accelerated depreciation.
Straight-Line Rate
A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.
End Assets
End assets refer to the total assets a company reports on its balance sheet at the end of a specific financial period.
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