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The research of George Miller explains why Joel has difficulty remembering:
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in the asset's value over time.
Salvage Value
Salvage value is the estimated resale value of an asset at the end of its useful life.
Useful Life
The estimated period over which an asset is expected to be used before it needs to be replaced or has significantly depreciated.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since its acquisition, reducing its book value on the balance sheet.
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