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Composite Depreciation
A method of depreciation that applies a single depreciation rate to a group of assets with different lives, simplifying accounting processes.
Depreciable Assets
Long-term assets subject to depreciation, meaning their costs are systematically allocated over their useful lives as they are used and wear out.
Depreciation Methods
Various approaches for allocating the cost of an asset over its useful life, such as straight-line or declining balance methods.
Group Depreciation Method
An accounting technique used to depreciate a portfolio of assets collectively, often applied to assets with similar characteristics and useful lives.
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