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10 cards from this deck
Asset loses same fixed amount of value each time period
S=V0−DnS = V_0 - DnS=V0−Dn
Salvage value (current value of item)
Purchase price (original value when n=0n = 0n=0)
Depreciated amount (value lost per time period)
Number of time periods that have passed
Depreciation amount remains constant over time
Asset loses value at a uniform rate
Book value
Accounting, tax calculations, budgeting, insurance
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