Instructions: Please Define the Following Key Terms

question 40

Essay

Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Cathari

---

Definitions:

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life.

Residual Value

The estimated value that an asset will have at the end of its useful life.

Estimated Life

The expected period over which an asset will be utilized or useful, often used for the purpose of depreciation or amortization calculations.

Depreciable Cost

The total cost of a fixed asset that can be depreciated over its useful life, excluding salvage value.