Examlex
Robert Koch discovered the first antibiotic while discarding used Petri dishes after experiments.
Depreciation Expense
The cost allocated to reflect the reduction in value of a tangible asset over its useful life, as part of the wear and tear or obsolescence.
Depreciation
A method of allocating the cost of a physical or tangible asset over its expected usable life to account for decreases in value over time.
Residual Value
The estimated value that an asset will realize upon its sale at the end of its useful life.
Asset Cost
The total amount incurred to acquire an asset, including purchase price and all expenditures necessary to bring the asset to its intended use.
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