Examlex
The vision of the International Code of Ethics for Canadian Business states that the global presence of Canadian business is economically rewarding for all parties.
Initial Cost
The amount of money spent to acquire or start up an asset or investment, excluding any subsequent costs for maintenance or operation.
Accumulated Depreciation
The total depreciation for a fixed asset that has been charged to expense since the asset was acquired and made available for use.
Machinery
Heavy industrial equipment used in the production of goods or for performing services, which can include machines for manufacturing, assembly, and packaging.
Fixed Asset Turnover Ratio
The number of sales dollars earned per dollar of fixed assets, computed by dividing sales by the average book value of fixed assets.
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