Examlex
Signing a macro template or project is similar to signing a Word document.
Depreciation Method
A systematic approach for allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.
Sum-Of-The-Years'-Digits
A method of accelerated depreciation calculating an asset's depreciation expense based on its remaining useful life, leading to higher depreciation charges in the early years.
Depreciation Expense
Depreciation expense is the charge recognized in each accounting period for the cost of an asset's decline in value due to use or obsolescence over time.
Residual Value
The estimated value of an asset at the end of its useful life, relevant in depreciation calculations and lease contracts.
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