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The apex of the lung is under the collarbone and the base rests on the diaphragm.
Accumulated Depreciation
The total depreciation for a fixed asset that has been charged to expense since the asset was acquired and put into use.
Fixed Asset
Long-term tangible assets used in the operations of a business that are not expected to be converted to cash in the short term.
Book Value
The net value of an asset or company, calculated by subtracting liabilities from assets and often used to assess the worth of tangible assets on balance sheets.
Depreciable Asset
An asset subject to depreciation, representing its decline in value over time due to use or obsolescence.
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