Examlex
The term refers to the use of technology to monitor those on community corrections.
LIFO
Last In, First Out (LIFO) is an inventory valuation method that assumes the most recently produced or acquired items are the first to be sold, affecting the cost of goods sold and inventory valuation.
Straight-Line Method
A method of calculating depreciation by distributing the cost evenly across an asset's useful life.
Expense Recognition
The principle that expenses are recognized when they contribute to the generation of revenue, not necessarily when the cash is paid.
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