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Discuss the three types of benefits associated with social support.
Estimated Total Useful Life
The approximate duration of time that an asset is expected to be functional and economically viable.
Remaining Book Value
The net value of an asset or liability recorded in the financial statements, excluding depreciation or amortization.
Straight-Line Method
A method of calculating depreciation or amortization by evenly distributing the cost of an asset over its useful life.
Salvage Value
Salvage value is the estimated resale value of an asset at the end of its useful life, used in determining depreciation amounts.
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