Examlex
In the United States saving is allocated to its most productive use by:
Sum-Of-The-Years'-Digits Depreciation
An accelerated depreciation method that allocates a proportionally higher depreciation in the early years of an asset's life and less in the later years, based on a fraction determined by the asset's useful life.
Economic Life
The period over which an asset is expected to be usable for its intended purpose.
Inflation On Fixed Assets
The impact of rising prices (inflation) on the purchasing power and value of fixed assets over time, affecting their replacement cost and depreciation calculations.
GAAP
Generally Accepted Accounting Principles, a set of accounting standards, guidelines, and procedures used in the United States for financial reporting.
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