Examlex
________ is an example of punishment.
Gain or Loss
The financial result from selling an asset for more (gain) or less (loss) than its carrying amount on the books.
Disposal
The process of getting rid of an asset, including selling, scrapping, or another method of removal from the company's possession.
Accumulated Depreciation
The total amount of a tangible asset's cost that has been allocated as depreciation expense over its useful life up to a specific date.
Residual Value
The projected worth of a tangible asset upon reaching the conclusion of its operational lifespan.
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