Examlex
Which of the following is NOT true of neural impulses?
Ignores Salvage Value
This term refers to the accounting practice where the potential residual value of an asset at the end of its useful life is not considered in depreciation calculations.
Straight-line Method
A method of calculating depreciation by evenly spreading the cost of an asset over its expected useful life.
Double Declining-balance
An accelerated depreciation method that counts the expense twice as fast as the straight-line method, reducing the value of an asset more quickly.
Net Income
The amount of profit left after all expenses, taxes, and costs are subtracted from a company’s total revenue; synonymous with net profit.
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