Examlex
During the past 200 years nobody has ever been cured of Lou Gehrig's disease. Therefore, nobody will be cured of Lou Gehrig's disease in the next 200 years.
Plant Assets
Durable physical assets utilized in manufacturing goods and providing services, including structures, machines, and tools.
Nonphysical Assets
Assets that do not have a physical presence, such as intellectual property, patents, and trademarks.
Land Account
An account on the balance sheet that reports the cost of land owned by a company.
Double-declining-balance
A method of accelerated depreciation that doubles the rate at which an asset's book value declines, compared to straight-line depreciation.
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