Examlex
Many adults compensate for a slowed gait by talking shorter steps.
Salvage Value
The estimated residual value of an asset at the end of its useful life.
Useful Life
The estimated time period that an asset is expected to be used before it is fully depreciated or deemed no longer useful.
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life to reflect its decrease in value over time.
GAAP
Stands for Generally Accepted Accounting Principles, which are a common set of accounting standards and procedures that companies must follow when they compile their financial statements.
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