Examlex
The rating of the __________ determines the rating of a branch or feeder circuit.
Fully Depreciated
An asset has reached the end of its useful life, and its book value is reduced to salvage value or zero.
Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.
Depreciable Cost
The total amount that can be depreciated over an asset's useful life, typically the cost of the asset minus its salvage value.
Obsolescence
The process of becoming outdated or no longer used, often due to technological advancements or changes in preferences.
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