Examlex
There are many practical and theoretical issues related to the computation of financial ratios.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.
Useful Life
The estimated duration of time an asset is expected to remain functional and economically feasible for its intended use.
Straight-Line Depreciation
A strategy for spreading out the expenditure of a physical asset over the duration of its useful life in uniform annual payments.
Residual Value
The estimated value that an asset will realize upon its sale at the end of its useful life, important in calculating depreciation.
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