Examlex
The real importance of point- of- sale terminals is their technological sophistication.
Accumulated Depreciation
The total amount of depreciation expense allocated to a fixed asset since it was put into use, reflecting its wear and tear over time.
Business Computer
A computer designed for business purposes, including processing data, managing information, and supporting business operations.
Double-Declining-Balance
A method of accelerated depreciation in which an asset’s book value is decreased at double the rate of its straight-line depreciation.
Sum-Of-The-Years'-Digits Depreciation
A depreciation method that results in a more accelerated write-off of an asset than straight-line depreciation, based on a sum of the years’ digits formula.
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