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What is a hot site? How is it different from a cold site?
Reversals of Revaluation
An accounting process that negates a previously recorded increase or decrease in the value of an asset to reflect its current market value.
Accumulated Depreciation
The total amount of depreciation expense recorded for an asset over its useful life, reducing its book value on the balance sheet.
Fully Depreciated
Fully Depreciated refers to an asset that has reached the end of its useful life, and its book value is equal to its salvage value in the financial records.
Double Diminishing-Balance
A method of accelerated depreciation which charges depreciation at a higher rate in the early years of an asset's life.
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