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Residual Value
Residual value is the estimated value of an asset at the end of its useful life, reflecting what it could be sold for or its scrap value.
Double-Declining Balance
An accelerated method of depreciation that doubles the regular depreciation approach, resulting in larger depreciation expenses in the initial years of an asset's life.
Units-Of-Output
A method of depreciation that allocates the cost of an asset over its useful life based on the number of units it produces.
Straight-Line
A technique for computing an asset's depreciation by distributing its cost evenly across each year of its expected useful life.
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