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Depreciation Expense
The allocation of the cost of an asset over its useful life to account for declines in value over time.
Double-declining-balance
An accelerated depreciation method that doubles the normal depreciation rate.
Salvage Value
The estimated residual value of an asset at the end of its useful life, representing what it could potentially be sold for or scrapped.
Book Value
The net value of a company's assets minus its liabilities and intangible assets, often used to determine a company's actual value.
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