Examlex
Which of these abbreviations does not represent an agency involved in CLIA '88 compliance or regulations?
Accumulated Depreciation
The aggregate depreciation charged on a fixed asset since its acquisition.
Loss on Disposal
A financial loss that occurs when an asset is sold for less than its carrying amount on the books.
Gain on Disposal
The profit earned from selling a capital asset for more than its book value.
Straight-line Method
A method of calculating depreciation of an asset, dividing the difference between its cost and salvage value by the total number of years it is expected to be in use.
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