Examlex
What type of turbine is driven by the pressure of steam discharged at high velocity against the blades of the rotor assembly?
Supplies Account
An account used to track the cost of supplies consumed by a business during an accounting period.
Supplies Expense
encompasses the cost associated with items used in daily operations, not directly tied to the production of goods or services but necessary for conducting business.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use, representing its reduction in value over time.
Net Book Value
Refers to the value of an asset after deducting accumulated depreciation and amortization from its original cost.
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