Examlex
MATCHING
Match the person or term with the with the correct description.
-George Fitzhugh
Depreciation Expense
The allocation of the cost of a tangible asset over its service life, representing how much of an asset's value has been used up over time.
Accounts Receivable
Unpaid amounts from customers for goods or services that a business has already provided.
Net Income
The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue.
Depreciation Expense
The allocated amount of the cost of an asset, spread out over the time it is expected to be used, reflecting its consumption, wear and tear, or obsolescence.
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