Examlex
The ____ includes all of the water in all phases (solid, liquid, or gas) on or near the earth's surface.
Intangibles
Assets that do not have physical form, such as patents, trademarks, and goodwill, but are valuable to a business.
Amortized Cost
The accounting method that gradually reduces the book value of an intangible or tangible asset through periodic charges to income.
IFRS
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that outline how financial statements should be prepared and disclosed.
Straight-Line Depreciation
A method of calculating the depreciation of an asset which allocates an equal portion of the asset's cost over each year of its useful life.
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