Depreciation – Page 5 – Fincyclopedia
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Depreciated Replacement Cost

The depreciated replacement cost of an asset is the current replacement cost of the asset, less accumulated depreciation (computed on...

Scrap Value

For an asset (typically a tangible asset), it is the estimated proceeds from disposal of the asset less all relating...

Residual Value

For an asset (typically a tangible asset), it is the estimated proceeds from disposal of the asset less all relating...

Salvage Value

For an asset (typically a tangible asset), it is the estimated proceeds from disposal of the asset less all relating...

Amortization

The systematic process of allocating the amortized amount/ amortized cost (the principal) of a financial asset (broadly any intangible asset)...

Economic Life

The period over which an asset provides or is expected to provide its economic benefits to an entity owning and/...

Accumulated Depreciation

In connection with asset depreciation, it refers to the amount of depreciation written off to date. In other words, it...

Useful Life

In the context of asset depreciation, it refers to the period over which an asset subject to depreciation (depreciable asset)...

Depreciation Basis

The amount assigned to an asset (asset account) that is subject to depreciation since its acquirement and over the course...

Basis for Depreciation

The amount assigned to an asset (asset account) that is subject to depreciation since its acquirement and over the course...