Examlex
Which of the following countries is the highest achieving in math and reading performance at eighth grade?
Patent
A legal document granted by the government giving an inventor exclusive rights to make, use, and sell an invention for a certain period of years.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset from the time of its acquisition until a specified reporting date.
Original Cost
The purchase price of an asset or service, excluding any subsequent costs for maintenance or improvement.
Amortization
The gradual reduction of a debt over a period of time by making regular payments of interest and principal or the systematic allocation of intangible asset costs over its useful life.
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