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If the interest rate is positive, the present value of $1000 to be received in ten years is
Useful Life
The estimated duration a fixed asset is expected to be economically usable, with normal repairs and maintenance, for its intended purpose.
Cash Payback Period
The duration it takes for an investment to generate an amount of cash equal to the initial investment cost.
Salvage Value
The estimated residual value of an asset at the end of its useful life, representing what it could be sold for or its scrap value.
Straight-Line
A depreciation method that equally spreads the cost of an asset over its useful life.
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