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Compensation must be purposefully linked to the organization's mission and general business objectives.
Gain or Loss
The financial result calculated as the difference between sale proceeds and the original cost of an asset.
Fully Depreciated
An asset's book value is reduced to zero, through depreciation, over its useful life, reflecting that it has no remaining unallocated cost.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was acquired, reducing its book value.
Remaining Useful Life
The estimated time period that an asset is expected to be functional and economically viable.
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