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Sum-Of-The-Years'-Digits Depreciation
A method of depreciation that results in a more accelerated write-off of the asset than the straight-line method, basing the expense on a fraction that decreases year by year.
Useful Life
The estimated duration an asset is expected to be economically viable or productive.
Composite Depreciation Method
A method used to depreciate a group of assets that have different lives and uses as one single asset, applying a uniform depreciation rate.
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