Examlex
Antonio Gaudi longed to create an architectural style that was both modern and appropriate for his native country of Spain. How does Casa Milá represent his ability to conceive a building as a whole and mold it almost as a sculptor would create a figure from clay?
Carrying Value
The amount an asset is valued at on a balance sheet, subtracting depreciation and amortization.
Value Recovers
The process by which the market value of an asset increases after a period of decline.
Double Declining Balance
A method of accelerated depreciation which doubles the straight-line depreciation rate, resulting in higher depreciation expenses in the early years of an asset's life.
Depreciation Rate
The rate at which an asset's value is reduced over time for accounting and tax purposes.
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