Examlex
Differentiate between the erosion model and the social influence model.
Straight-line Rate
A method of calculating depreciation by evenly allocating the cost of an asset over its useful life.
Double Declining-balance
An accelerated method of depreciation where the book value of an asset is reduced at double the rate of its straight-line depreciation.
Net Income
The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenues.
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