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Using the units-of-production method of depreciation for equipment will generally result in more depreciation expense being recorded over the life of the asset than if the straight-line method had been used.
Documents Of Title
Legal documents that evidence a person's right to control the disposition of goods or properties, such as bills of lading or warehouse receipts.
Bailment
The temporary transfer of possession of personal property from one party to another, with the expectation of its return.
Bailee's Lien
A right that allows a bailee (a person who temporarily holds property for another) to retain possession of the property until payment is made.
Right To Sell
The legal authority granted to an individual or entity to sell a particular product, property, or service.
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