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Equipment
Tangible property used in operations, such as machinery or computers, that has a useful life beyond a single reporting period.
Depreciation
The process of allocating the cost of a tangible asset over its useful life.
Straight-Line Basis
An accounting method of depreciation where the value of an asset is reduced evenly over its useful life.
Salvage Value
The projection of an asset's resale value after it ceases to be of use.
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