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Double-Declining-Balance Method
An accelerated depreciation method that doubles the book value of an asset to calculate annual depreciation expense.
Residual Value
The approximated value of an asset at the conclusion of its period of utility.
Depreciation
Systematically dividing the cost of a tangible asset across the years it is expected to last.
Capital Expenditures
Money invested by an enterprise to procure, upgrade, and preserve solid assets, such as premises, industrial structures, or equipment.
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