Examlex
_____________ is an extensive encoding scheme that is compatible with ASCII and can also represent the characters of many of the world's languages.
Useful Life
The estimated period during which an asset is expected to be usable for its intended purpose, affecting its depreciation calculation.
Journal Entries
The recordation of a transaction in an accounting journal that impacts at least two accounts, indicating the debit and credit amounts.
Transactions
Financial events that affect the financial statements of a business, including sales, purchases, and other financial activities.
Straight-Line Depreciation
An approach to apportion the price of a tangible property over its effective life in consistent annual installments.
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