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Lease Improvements
These are modifications made to rental premises in order to tailor the space to the needs of the tenant.
Straight-Line Method
A method of allocating an asset's cost evenly over its useful life, commonly used in depreciation and amortization calculations.
Residual Value
The estimated value that an asset will have at the end of its useful life.
Depreciation Expense
An accounting method to allocate the cost of a tangible asset over its useful life.
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