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Straight-Line Depreciation
Straight-line depreciation is an accounting method wherein an asset's cost is evenly distributed over its estimated useful life, leading to a consistent depreciation expense each year.
Salvage Value
The calculated return value of an asset at the end of its functional life.
Useful Life
The period over which an asset is expected to be useful in the operations of a business.
Plant Asset's
Tangible assets that are used in the operation of a business and are not intended for resale, such as machinery, buildings, and equipment.
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