Examlex
A tubelike passage with an opening that allows fluid to drain is a(n) ____________.
Loss on Disposal
The financial loss that occurs when the selling price of an asset is less than its carrying amount at the time of disposal.
Carrying Amount
Carrying amount, also known as book value, is the value of an asset as recorded in a company's books or financial statements, after accounting for depreciation and impairment losses.
Gain on Disposal
The profit earned from the sale of an asset, calculated as the sale proceeds minus the book value of the asset sold.
Trademark
A symbol, word, or phrase legally registered or established by use as representing a company or product.
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