Examlex
The subagency of the U.S. Department of Labor that develops standards to promote safe workplace environments, and implements regulations to ensure that employers live up to these standards, is the ___________________.
Adjust
To make modifications to records, accounts, or systems to correct discrepancies or align them with actual conditions.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded on an asset since its purchase.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, representing wear and tear, decay, or obsolescence.
Contra Asset
An account on a company's balance sheet that reduces the value of a related asset, such as accumulated depreciation.
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