In Certain Cases, the Function of a Part May Require

question 14

Short Answer

In certain cases, the function of a part may require a minimum distance of a part to be maintained. The ____________________ modifier is used in a position tolerance when the functional consideration is to tolerance a minimum distance on a part.

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Definitions:

Annual Amortization

The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and tax purposes.

Interest Expense

The cost incurred by an entity for borrowed funds over a specified period of time.

Bond Discount

Bond discount occurs when a bond is issued for less than its face value, with the discount amount representing the difference between the bond's face value and issued price.

Carrying Value

The book value of assets and liabilities reported on the balance sheet, calculated as original cost less any depreciation, amortization, or impairment costs.