Examlex
Discuss the differences between conventional résumés and functional résumés.
Intangible Assets
Non-physical assets that have value, such as intellectual property, trademarks, goodwill, and brand recognition.
Amortization
The gradual reduction or the expensing of an intangible asset's cost over its useful life, similar to depreciation for tangible assets.
Fair Market Value
The price at which an asset would sell in the marketplace between a willing buyer and a willing seller, each having reasonable knowledge of the pertinent facts.
Trade-In Allowance
The amount credited to the buyer of a new item for the value of the old item that is being traded in as part of the transaction.
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