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Salvage Value
The estimated residual value of an asset at the end of its useful life, often used in calculating depreciation expense.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded over time for tangible assets, reducing their carrying value on the balance sheet.
Salvage Value
The forecasted sell-on value of an asset at the conclusion of its operational period.
Double-Declining Balance
A method of accelerated depreciation where an asset loses value at double the rate of the traditional straight-line depreciation method.
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