Examlex
Bayes' theorem is a rule that uses the total probability rule and the addition rule to update the probability of the event.
Straight-Line Method
A method of calculating depreciation by evenly spreading the cost of an asset over its expected useful life.
Depreciation Rate
The percentage rate at which an asset decreases in value over a specific period, often used for tax and accounting purposes.
Residual Value
The estimated amount that an asset will be worth at the end of its useful life.
Depreciable Amount
The cost of a tangible or physical asset, minus its salvage value, over which the cost is allocated during the asset's useful life.
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