Examlex
Find the exact value of the given expression.
Depreciation Method
A methodical strategy for distributing the expense of a physical asset across its lifespan.
Straight-Line
A method of allocating an asset's cost evenly over its useful life for purposes of depreciation.
Contra Asset Account
An account on a balance sheet that reduces the value of an associated asset account, such as accumulated depreciation.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset, representing how much of its value has been depleted over time.
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