Examlex
List techniques that could help you become an active and effective listener.
Straight-Line Depreciation
A method of calculating the depreciation of an asset which allocates an equal portion of the asset's cost over each year of its useful life.
Useful Lives
The estimated period during which an asset is expected to be usable for the purpose for which it was acquired.
Revaluation Surplus
An increase in the carrying amount of an asset to its fair value, exceeding its previously recorded nominal value, recognized directly in equity.
IFRS
International Financial Reporting Standards, which are global accounting standards for preparing financial statements.
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