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8 Cards in this Set

  • Front
  • Back
The total depreciation to date
accumulated depreciation
the approximate value of an item after you have owned it and depreciated it for a period of time
book value
a decrease in the value of an item because of it's age or condition
the length of time, usually in years, it is expected to last
estimated life
the record of the gross income, deductions, and net income of your company's employees
payroll register
the estimated trade-in, resale, or scrap value at the end of the items expected life
salvage value
one way to determine the annual depreciation of an item
straight-line method