Examlex
Socio-economic factors are not considered when evaluating the effects of drought.
Units-Of-Production Depreciation
A depreciation method that allocates expense based on the actual usage or production of an asset.
Salvage Value
The anticipated worth of an asset at the conclusion of its effective life.
Service Life
The estimated use period or duration over which an asset is expected to be economically usable by one or more users, with proper maintenance and repairs.
Operational Use
The application or employment of resources, processes, and procedures to perform its intended functions or tasks within a business.
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