Examlex
Although handedness is a matter of degree, what percent of Americans are left-handed?
Patent Amortization
The process of expensing the cost of a patent over its useful life, reflecting the consumption of the patent's value over time.
Depreciable Asset
A tangible asset that is subject to depreciation, reflecting its loss in value over time due to wear and tear, or obsolescence.
Indirect Method
A way of preparing a cash flow statement where net income is adjusted for non-cash transactions, deferrals, and accruals to calculate cash from operating activities.
Gain On Sale
The profit realized from the sale of an asset when the selling price exceeds its book value.
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