Examlex
A patient is admitted to the critical care unit with a diagnosis of diabetic ketoacidosis.Following aggressive fluid resuscitation and intravenous (IV) insulin administration,the blood glucose begins to normalize.In addition to glucose monitoring,which of the following electrolytes requires close monitoring?
Useful Life
The estimated time period that an asset is expected to be used before it is fully depreciated or deemed no longer useful.
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life to reflect its decrease in value over time.
GAAP
Stands for Generally Accepted Accounting Principles, which are a common set of accounting standards and procedures that companies must follow when they compile their financial statements.
Accounting Estimate
Approximations or judgments made by management when preparing financial statements, due to uncertainty in determining the exact amounts.
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