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Straight-Line
A technique for computing an asset's depreciation by distributing its cost evenly across each year of its expected useful life.
Double-Declining-Balance Method
An accelerated depreciation method that doubles the book value of an asset to calculate annual depreciation expense.
Residual Value
The approximated value of an asset at the conclusion of its period of utility.
Depreciation
Systematically dividing the cost of a tangible asset across the years it is expected to last.
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