| A | B |
|---|
| Book Value | Original cost of an asset minus accumulated depreciation |
| Depreciation | Allocating the cost of a plant asset over its useful life |
| Disposal Value | Another name for salvage value |
| Plant Assets | Assets used for a number of years |
| Current Assets | Assets to be used or converted to cash within a year |
| Straight-line SL | Equally distributing depreciation over the asset's useful life |
| Salvage Value | Remaining value of an asset at the end of its useful life |
| Useful Life | The number of years an asset can be used |
| Land | A plant asset that is not depreciated |
| Permanent | Accumulated Depreciation is this type of account |
| Asset Disposition | Removing an asset from use |
| General | The journal used to enter depreciation adjustments |
| Accumulated Depreciation | Contra asset account that is credited for depreciation |
| Original Cost | The cost of an asset when it was acquired |
