Examlex
Gestation
Sum-Of-The-Years-Digits
A depreciation method that results in a more accelerated write-off of an asset than the straight-line method, basing calculations on the sum of the years of the asset’s life.
Resale Value
The expected market value or price at which an asset, such as a vehicle or property, can be sold again.
Equipment
Tools, machinery, or other apparatus used for specific purposes, especially in industrial or professional settings.
Double-Declining-Balance
A method of accelerated depreciation which doubles the regular depreciation rate, reducing the book value of assets more quickly.
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