Examlex
Name the following:
Depreciation Expense
The structured spreading of the expense associated with a tangible asset across its useful life.
Double Declining-Balance Method
An accelerated depreciation method that computes an asset's depreciation at double the rate of the straight-line method over its useful life.
Straight-Line Method
A method of depreciation that allocates an equal amount of the cost of an asset over its useful life.
Depreciation Expense
The allocated amount of an asset's cost charged to expense over time, reflecting the loss in value as the asset is used in operations.
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