Examlex
All of the following describe special districts, EXCEPT:
Unverifiable
Pertaining to information or data that cannot be confirmed or corroborated through evidence or additional sources.
Unreliable
Lacking consistency, dependability, or accuracy in information, data, or result.
Cumulative Weighted Average Expenditures
The total cost of investments or expenditures over a period, weighted by the time each amount was invested or incurred, used in capital budgeting or to calculate interest during construction.
Useful Life
The estimated duration a fixed asset is expected to be economically useful to an organization.
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