Examlex
The next part of the output is shown below. Which statement is most reflective of these results?
Obsolescence
The process of becoming outdated or no longer used, often because of advancements in technology.
Depreciation Expense
An accounting method used to allocate the cost of a tangible asset over its useful life.
Residual Value
The estimated value that an asset will have at the end of its useful life.
Estimated Life
The expected period over which an asset will be utilized or useful, often used for the purpose of depreciation or amortization calculations.
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