Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
declining balance method | Yes | No | No | No |
wear and tear | Yes | No | No | No |
declining balance method (noun) | wear and tear (noun) |
---|---|
a way of calculating the depreciation of an asset whereby one subtracts a certain percentage of its current value each year. | decrease in value of an asset due to obsolescence or use |