Examlex
Identify the asset.
Book Value
Book value is the net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total value of assets.
Gain On Exchange
The profit realized from exchanging one asset for another asset of greater value.
Depletion
The systematic allocation of the cost of natural resources over their productive lives is known as depletion, reflecting the reduction in the availability of resources as they are extracted or utilized.
Natural Resource
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
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