Examlex
Reduction can be defined as...
Double-Declining-Balance
A method of accelerated depreciation that doubles the normal depreciation rate, reducing the book value of assets more quickly in the early years.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, which reflects the loss in value due to usage, wear and tear, or obsolescence.
Residual Value
The forecasted price an asset is likely to command at the end of its usefulness.
Component Depreciation
A method of depreciation where different components of a fixed asset are depreciated separately over their respective useful lives.
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