Examlex
When drilling down through a subject guide, subtopics link to increasingly general topics.
Indirect Expense
Costs that are not directly linked to the production of goods or services but are necessary for the business's day-to-day operations, such as utilities and rent.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, recognizing it as an expense.
Property
Assets owned by an individual or business, encompassing real estate, personal property, and intellectual property rights.
Net Income
When revenue totals more than expenses, the result is net income.
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