Examlex
A split system is designed in two sections: a condensing unit and a device that is used for the air flow in the system and the heat source if it is not a heat pump.
Accounting Transaction
A financial event that changes the balance of two or more accounts in the ledger.
Accounting Time Period
A specific duration of time for which financial statements are prepared, typically a quarter or a year.
Depreciation Expense
A rephrased definition: The charge to income, representing the allocation of the cost of an asset over its useful life during a specific period.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired.
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