Examlex
The return on sales ratio divides net income before taxes by net sales.
Depreciation
Depreciation is the systematic allocation of the cost of a tangible asset over its useful life, reflecting its wear and tear, obsolescence, or decline in value over time.
Cost Allocation
The process of identifying, aggregating, and assigning costs to cost objects, such as products, services, or departments.
Residual Value
Residual value is the estimated amount that an asset will be worth at the end of its useful life, reflecting its expected salvage value.
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