Examlex
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Salvage Value
The assessed worth of an asset at the expiration of its life of usefulness.
Depreciation Expense
The organized spreading of a tangible asset's expense over the duration of its utility.
Useful Life
The estimated duration a fixed asset is expected to be economically usable, with normal repairs and maintenance.
Straight-Line Method
A depreciation technique that allocates an equal amount of depreciation to each year of the asset's useful life.
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