Examlex
Match each term with the correct definition.
-Building a block tower with other children
Asset's Value
The worth of an asset, determined by factors such as market value, cost, and depreciation.
Useful Life
The estimated duration of time a fixed asset is expected to be productive for its intended use, influencing depreciation calculations and asset management.
Office Improvements
Enhancements or modifications made to office spaces, which may include renovations, decorations, or installation of new equipment to improve functionality or aesthetics.
Amortize
The process of gradually writing off the initial cost of an asset over a period.
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