Examlex
Power and motion are transmitted between intersecting shafts at right angles to each other by bevel gears.
Market Rate
Market rate, often referred to as the going rate, is the standard or average price of a good or service in a certain market at a given time.
Straight-Line Method
A depreciation technique that allocates an equal proportion of the cost of an asset to each year of its useful life.
Amortize Discount
The process of gradually writing off the discount on bonds payable over the life of the bond, effectively recognizing some interest expense each period.
Bonds Payable
Long-term liabilities that represent the amount a corporation owes to bondholders.
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