Examlex
Contingency management involves
Salvage Value
An approximation of an asset's value at the conclusion of its effective lifespan.
Erosion Cost
The gradual loss of asset value due to factors like wear, tear, and technological obsolescence, affecting long-term profitability.
Depreciation
The planned apportionment of the price of a tangible asset across its operational lifetime.
Capital Spending
Capital deployed by a business for the purchase or enhancement of physical properties, such as premises, workshops, or apparatus.
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