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Diminishing-Balance Method
A method of accelerated depreciation where an asset loses value by a fixed percentage each year over its useful life.
Constant Percentage
A fixed rate applied over time or across instances, often used in calculation methods or financial formulas.
Straight-Line Depreciation
is a method of calculating the depreciation of an asset by evenly spreading its cost over its useful life.
Residual Value
The anticipated amount an asset is expected to be worth when it is sold after reaching the end of its usability.
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