Examlex
A salesperson can learn how the entire marketplace uses his or her company's products more quickly than if he or she had to focus on only one line of business.
Salvage Value
The estimated resale value of an asset at the end of its useful life; it is used in calculating depreciation expense.
Depreciation
The orderly apportionment of a physical asset's cost throughout its useful life.
Useful Life
The estimated period an asset is expected to be used before it is deemed no longer useful for operations.
Units-Of-Activity
A depreciation method that allocates cost based on the actual usage, work performed, or units produced by an asset.
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