Examlex
Describe and discuss the ethics of virtue ethical system. Provide examples.
Book Value
The value of an asset according to its balance sheet account balance, taking depreciation into account.
Fair Market Value
The estimated price at which an asset would trade in a competitive auction setting.
Gain on Disposal
The profit realized from the sale of assets, other than inventory, for more than their carrying amount on the books.
Financial Statements
Comprehensive reports created to communicate a company's financial performance and position during a specific period, often including a balance sheet, income statement, and cash flow statement.
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