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When rolling a pair of dice, the probability of getting a particular total is not very high. For example, the probability of failing to roll a total of 3 is 17 times the probability of successfully rolling a total of 3. The total probability (probability of failing to roll a 3 + probability of successfully rolling a 3) is 1. What is the probability of rolling a 3?
Depreciation
The methodical distribution of an asset's depreciable value across its lifespan.
Depreciable Cost
The cost of a tangible asset minus its estimated salvage value, over which depreciation is calculated.
Depreciation Expense
An accounting method allocating the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.
Expected Useful Life
The estimated length of time a fixed asset will be used in normal operations.
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