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Residual Value
The estimated value that an asset will have at the end of its useful life, after depreciation has been taken into account.
Double Declining Balance
A method of accelerated depreciation which doubles the depreciation rate of the straight-line method, resulting in higher depreciation expenses in the earlier years of an asset's life.
Intangible Assets
Non-physical assets that hold value, such as patents, trademarks, and goodwill.
Intangible Assets
Non-physical assets that possess value due to their intellectual or non-material nature, such as patents, trademarks, and goodwill.
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