Amortization and depreciation are accounting methods used to allocate the cost of assets over their useful lives.

Residual value is the estimated value of an asset at the end of its useful life. It's used to figure out things like the value of a car at the end of a lease or how much equipment is worth after it's ...

For example, if a restaurant buys an industrial ... loss in value as a deduction on their taxes. The IRS publishes depreciation schedules for different classes of assets, setting out the ...