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A principal disadvantage of structured questions is that potential for interviewer bias is high.
Trade-In Allowance
The amount deducted from the price of a new item for trading in something old.
Double-Declining Balance Method
An accelerated depreciation method that doubles the normal depreciation rate, reducing the asset's book value more quickly.
Depreciable Cost
The total cost of an asset that is subject to depreciation, typically considering its purchase price less any salvage value.
Estimated Useful Life
The expected period over which an asset remains usable to the owner, impacting depreciation calculations and asset management strategies.
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