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

Trade-in value

Units-of-production method