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Ethical theories help us to:
Introduction
Useful Life
Useful Life is an accounting estimate of the time period a tangible asset is expected to remain functional and economically viable for its intended purpose.
Depreciation Estimates
Projections made about the reduction in value of a tangible asset over its useful life for accounting and tax purposes.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset's value over time.
Depreciation Estimates
Projections or calculations made regarding the decrease in value of tangible assets over time due to use, wear, or obsolescence.
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