Examlex
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Straight-Line Method
A method of calculating depreciation by spreading the cost of an asset evenly over its useful life.
Residual Value
The estimated value of an asset at the end of its useful life.
Depreciation
The method of distributing the expense of a physical asset throughout its life span.
Double-Declining-Balance
An accelerated method of depreciation where an asset loses value at double the rate of the straight-line depreciation method.
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