Examlex
The ability of an organism to sense changes in its body is an example of __________.
Gain on Revaluation
An increase in the value of an asset based on current market prices, resulting in a higher estimated worth than its recorded book value.
Estimated Useful Life
The length of time an asset is expected to be usable for its intended purpose, used to calculate depreciation.
Residual Value
The estimated amount that an asset will realize upon its disposal at the end of its useful life, less the cost of disposal, if any.
Accumulated Depreciation
The total amount of depreciation expense that has been charged against an asset since it was acquired.
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