Examlex
Which of the following is NOT a benefit of the object-oriented approach?
Carrying Amount
The book value of an asset or liability on a company's balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.
Depreciation
Depreciation is the systematic allocation of the cost of a tangible asset over its useful life, reflecting its wear and tear, obsolescence, or decline in value over time.
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