Examlex
What are the default page settings for a Word document?
Residual Value
The estimated value that an asset will be worth at the end of its useful life, often considered in leasing or depreciation calculations.
Double-Declining-Balance
An accelerated method of depreciation that doubles the regular depreciation rate, emphasizing higher depreciation expenses in the earlier years of an asset's life.
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.
Salvage Value
The forecasted value of an asset at the termination of its utility period.
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