Examlex
What was the significance of the Supreme Court's decision in Miller v.California?
Straight-Line
A method of allocating the cost of an asset evenly over its useful life for the purposes of depreciation or amortization.
Declining-Balance
A method of depreciation where an asset loses value at a rate that decreases over time, opposite of straight-line depreciation.
Useful Life
The estimated duration of time an asset is expected to be useful and productive for the purpose it was acquired.
Replace The Asset
The process of substituting an existing asset with a new or improved version, often due to obsolescence, wear, or technological advances.
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