Examlex
Which of the following is NOT true of nongovernmental organizations (NGOs) ?
Depreciated
A decrease in the value of an asset over time, often due to wear and tear or obsolescence, recognized in accounting to allocate the cost of an asset over its useful life.
Salvage Value
The estimated residual value of an asset after it has completed its useful life and cannot be used for production.
Operating Cash Flow
Refers to the cash generated from a company's normal business operations, indicating its ability to generate sufficient revenue to cover its operational costs and fund its operations.
CCA Class
A category within the Capital Cost Allowance system in Canada used to determine the depreciation rate for tax purposes on various types of assets.
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