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Residual Value
The estimated value of an asset at the end of its useful life.
Double Declining-balance
An accelerated method of depreciation where the book value of an asset is reduced at double the rate of its straight-line depreciation each year.
Depreciation Expense
An accounting method that allocates the cost of a tangible asset over its useful life, reflecting the use and wear and tear of the asset.
Units-of-production
A method of depreciation that assigns an asset's cost based on its usage, activities, or output, instead of the passage of time.
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