Examlex
Whenever there is a risk that an employee complaint will be taken outside of the organization, it is best to think of any criticism of employee conduct or performance in a single light: If it was not documented, it never happened.
Expense Recognition Principle
An accounting principle stating that expenses should be recorded in the period in which they contribute to revenue, not necessarily when the expense is paid.
Fully Depreciated
An asset has reached the end of its useful life, and its book value is reduced to salvage value or zero.
Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.
Depreciable Cost
The total amount that can be depreciated over an asset's useful life, typically the cost of the asset minus its salvage value.
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