Understanding Depreciation Terms

In this accounting lesson, we explain the terms in relation to depreciation. We explain terms such as accumulated depreciation, carrying value, salvage value/scrap value / residual value, asset at cost, depreciation, depreciation methods (straight-line method and reducing balance/diminishing balance method..

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Carrying Value | Accumulated Depreciation | Residual Value | Depreciation | Straight-Line Method | Diminishing Balance Method

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