Examlex
What is the term for the quantity of oxygen and carbon dioxide exchanged in one minute during external respiration?
Fixed Asset
Long-term tangible property that a firm owns and uses in its operations to generate income, not expected to be consumed or converted into cash in the short term.
Useful Life
An estimate of the lifespan of an asset during which it is expected to remain productive or useful for the purposes it was acquired.
Residual Value
The estimated value that an asset is expected to have at the end of its useful life, after depreciation has been taken into account.
Net Income
The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.
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