Examlex
give a recursive definition (with initial condition(s)) of
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Accumulated Depreciation
Accumulated Depreciation is the total amount of depreciation expense that has been allocated to a tangible asset since it was put into use, reducing its book value.
Carrying Amount
The net amount at which an asset or liability is recognized in the balance sheet, after deducting any accumulated depreciation, amortization, or impairment.
Cost
The amount of money or resources expended to acquire an asset, produce goods, or offer a service.
Intangible Asset
This is an asset that lacks physical substance, such as patents, trademarks, and goodwill, yet offers economic value to its owner.
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