Examlex
Which condition contributes to high performance?
Fully Depreciated
An asset has reached the end of its useful accounting life, and its book value is reduced to salvage or residual value.
Plant Asset
Long-term tangible assets that are used in the operation of a business and not expected to be converted to cash in the short term.
Salvage Value
An estimation of the residual worth of an asset at the conclusion of its effectiveness.
Retired
The status of no longer being active in one's profession or job due to reaching a certain age or voluntary choice, often resulting in pension or retirement benefits.
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