Examlex
____ are the fundamental structural and functional units of life.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, representing the wear and tear or obsolescence of the asset.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use, reducing its book value on the balance sheet.
Asset Turnover
A financial ratio that measures how efficiently a company uses its assets to generate sales, calculated by dividing total revenues by average assets.
Net Sales
The revenue from sales transactions after deducting returns, allowances, and discounts.
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