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What are the three elements of informed consent?
Group Depreciation Method
An accounting method that applies a single depreciation rate to a group or pool of assets with similar characteristics and useful lives, instead of depreciating each asset individually.
Depreciation Rate
The percentage rate at which an asset is depreciated across its useful life, essentially spreading its cost over time.
Residual Value
The estimated amount that an asset will be worth at the end of its useful life, after depreciation has been subtracted.
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