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A measure is valid when it:
Depreciation Expense
The allocated amount of an asset's cost over its useful life, representing the wear and tear or obsolescence of the asset.
Double-Declining-Balance Method
An accelerated depreciation method in which an asset's book value is reduced by twice the rate of its straight-line depreciation.
Depreciation Record
Documentation that tracks the reduction in value of an asset over time due to wear and tear.
Residual Value
The anticipated value an asset is expected to retain at the end of its useful life, often used in calculating depreciation.
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