Examlex
Martin is a 71-year-old patient who has asked about how he can stay healthy as he gets older. An effective strategy to suggest to Martin might be to:
Depreciation
Depreciation is the systematic allocation of the cost of a tangible asset over its useful life to reflect its decrease in value due to wear and tear, age, or obsolescence.
Depreciable Cost
The total cost of a tangible fixed asset that is subject to depreciation over its useful life, including purchase price, installation charges, and other costs necessary to bring the asset into usable condition.
Straight-Line Method
A method of calculating depreciation in which an asset's cost is divided evenly over its estimated useful life.
Salvage Value
An asset's predicted market price upon exhausting its useful life.
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