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What is the client-server model?
Residual Value
The estimated value of an asset at the end of its useful life, important in calculating depreciation and lease contracts.
Estimated Useful Life
The anticipated period over which an asset is expected to be used before it is fully depreciated.
Units-of-production
A method of depreciation based on an asset's usage, activity, or parts produced rather than passing time.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.
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