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Depreciation Expense
An accounting method for allocating the cost of a tangible asset over its useful life, representing the asset's consumption, wear and tear, or obsolescence.
Straight-Line Method
The straight-line method is a depreciation technique that allocates an equal amount of depreciation expense for a fixed asset to each year of its useful life.
Salvage Value
The estimated market valuation of an asset following the end of its useful duration.
Depreciation Expense
The charge to the income statement for a particular period that represents the allocation of the cost of tangible assets over their useful lives.
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