Examlex
When blame for the mistakes of others is placed on another person or group,this is known as
Depreciation
The method of allocating the cost of a tangible asset over its useful life.
Fixed Assets
Long-term tangible assets that are expected to be used in the operation of a business for a length of time, typically over one year.
Useful Life
The estimated duration of time that an asset is expected to be economically usable by the owner.
Prepaid Item
An expense paid in advance before receiving the benefit of the service or good.
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