Examlex
In which basic market would DVDs be traded?
Indefinite Life
An intangible asset that has no foreseeable limit on the period over which it is expected to generate economic benefits.
Not Amortised
Pertaining to certain assets or costs that are not gradually written off through amortization over their useful life, possibly because they have an indefinite life or a value that cannot be reliably measured over time.
Fair Values
An estimation of the market value of an asset or liability, based on current prices in an active market or through model-based techniques when no active market exists.
Journal Entry
A record of a business transaction in an accounting system that includes the accounts and amounts to be debited and credited.
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