Examlex
Earthquakes occur because the surface of the earth is composed of giant rigid plates, and these plates are constantly moving. When one plate rubs against another, the motion of the plates in that area is halted, and strain builds up. Eventually the edge of the plate cannot withstand the increasing strain, and it breaks. The resulting shudder is felt as an earthquake.
Straight-Line Depreciation
A system for allocating the expenditure of a material asset across its life expectancy in identical yearly figures.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset over its useful life to date.
Unearned Revenue
Income received by a company for goods or services that have not yet been delivered or performed.
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