Examlex
The vast majority of conflicts over power in America are handled through a system of direct democracy.
Liability
A financial obligation or amount owed by a business to external parties or individuals.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was put into use, representing the cumulative wear and tear or obsolescence of the asset.
Contra
Contra refers to an account that is used to reduce another account on the financial statements to its net value.
Plant Asset
Long-term tangible assets used in the operation of a business and not intended for resale, such as machinery, buildings, and vehicles.
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