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 ...

Accelerated depreciation allows businesses to write off the cost of an asset more quickly than the traditional straight-line ...

The depreciation schedule for fixed assets depends on their useful life. A $5,000 asset that will last five years loses $1,000 of its asset value a year, for example.