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In violent play, it is important to know the difference between imitative play and:
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in an even manner.
Fair Value
The amount one would get from selling an asset or the cost to transfer a liability in a smooth transaction among market participants on the date of valuation.
IFRS
A collection of accounting principles formulated by the International Accounting Standards Board (IASB), known as International Financial Reporting Standards, which instruct on how financial statements should be prepared worldwide.
Minimum Lease Payments
The lowest total amount that a lessee is required to pay over the lease term, including both the principal and interest components.
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