Examlex
Accumulated Depreciation
The total amount of an asset's cost that has been allocated as depreciation expense over its useful life, reducing its book value on the balance sheet.
Asset
Tangible or intangible items of value owned or controlled by a person or company, capable of producing future economic benefits.
Straight-Line Depreciation
Straight-line depreciation is a method of allocating the cost of an asset evenly across its useful life.
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