Examlex
LASIK is a procedure to correct myopia.
Patent Amortization
The process of gradually writing off the initial cost of a patent over its useful life, reflecting the decrease in value due to time and use.
Credit
The right side of an account.
Accumulated Amortization
The cumulative amount of amortization expense that has been recorded against an intangible asset.
Depletion
The allocation of the cost of a natural resource to expense in a rational and systematic manner over the resource’s useful life.
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