Accelerated Cost Recovery System (ACRS)

Accelerated depreciation

Accumulated depreciation

Asset cost

Book value

Declining-balance method

Depreciation

Depreciation expense

Depreciation schedule

Estimated useful life

General Depreciation System (GDS)

Modified Accelerated Cost Recovery System (MACRS)

Residual value

Salvage value

Straight-line method

Straight-line rate (rate of depreciation)

Trade-in value

Units-of-production method