Examlex
Which of the following depicts the circumstances that would prevent the originator of an industrial design from making an application to the Industrial Design Office for patent protection?
Depreciable Asset
An asset that loses value over time due to use, wear and tear, or obsolescence, and whose cost can be allocated over its useful life.
Net Income
A company's remaining income after deducting all costs and taxes from its revenue.
Gain
The increase in the value of an asset or a decrease in the value of a liability, which results in an increase in the equity of a business.
Fixed Asset Turnover Ratio
A financial ratio that measures how efficiently a firm uses its fixed assets to generate sales, calculated by dividing net sales by net fixed assets.
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