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Scrap Value
The estimated resale value of an asset at the end of its useful life, often considered when assessing depreciation.
Units-Of-Production Method
This method is an accounting technique used to allocate depreciation based on the actual usage or production level of the asset.
Scrap Value
The forecasted selling price of an asset following the expiration of its effective life.
Units-Of-Production Method
A depreciation technique that calculates an asset's expense based on its usage, output, or production, rather than the passage of time.
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