Examlex
Which sentence expresses numbers correctly?
Straight-line Method
A method of depreciation that distributes a consistent depreciation expense for an asset throughout its lifetime.
Salvage Value
The estimated residual value of an asset at the end of its useful life, determining how much the asset can be sold for after it is no longer useful for its intended purpose.
Annual Depreciation
The amount of an asset’s cost allocated each year over its useful life, reflecting its consumption, wear and tear, or obsolescence.
Useful Life
The estimated duration of time over which an asset is expected to be functional and contribute to a company's operations.
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