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Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, making it the simplest form of depreciation.
Residual Value
The projected worth of an asset upon reaching the conclusion of its operational lifespan.
Impaired Goodwill
A situation where the value of goodwill on the balance sheet exceeds its fair value, indicating that it has lost some or all of its value.
Amortization
The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time for accounting and tax purposes.
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