Examlex
Match the eye structure with the appropriate description.
-Optic disc
Depreciation
Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life, reflecting the reduction of value over time.
Non-Current Asset
An asset expected to provide economic benefits beyond one year, such as property, plant, and equipment.
Useful Life
The estimated duration a fixed asset is expected to be productive and functional for a company, impacting depreciation calculations.
Adjusting Entry
A record created at the conclusion of a financial period to distribute revenues and expenses to the timeframe they were truly incurred.
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