Examlex
Relationship selling:
Depreciation Expense
The portion of the cost of a fixed asset that is considered to be consumed or used up in each accounting period, reflecting the decrease in the asset's value over time.
Equipment
Refers to tangible assets used in the operation or production process of a business, such as machinery, tools, and vehicles.
Double-Declining-Balance
An accelerated method of depreciation where the asset's book value is decreased at double the rate of traditional straight-line depreciation.
Scrap Value
The expected financial return on an asset when it is sold after its useful life has ended.
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