Examlex
Explain the important functions packaging fulfills.
Machinery
Tangible assets used in operations, such as production or manufacturing equipment, that have a useful life beyond one year.
Amortize
The process of spreading out a loan or an intangible asset cost over a specific period of time for accounting and tax purposes.
Accumulated Depreciation
The total depreciation that has been applied to a fixed asset since it was acquired, representing the loss of value over time.
Balance Sheet
A financial record showing the balance of assets, liabilities, and equity of shareholders of an enterprise on a specific date.
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