Examlex
A liquidated damages provision will be invalidated if it is considered to be a penalty.
Sum-Of-The-Years-Digits
A depreciation method that accelerates the recognition of expenses by applying a decreasing fraction to the depreciable value each year, based on the sum of the years’ digits.
Office Furniture
Items and fixtures used in an office setting for working and storage purposes, including desks, chairs, and file cabinets.
Straight-Line Method
A way of calculating depreciation by evenly spreading the cost of an asset over its useful life.
Resale Value
The projected value at which an asset can be disposed of after its life of usability has ended.
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