Examlex
As foundation goods are used up or worn out, a portion of their original cost is assigned to the production process as a depreciation expense.
Revenues
The total amount of money generated by the sale of goods, services, or other income for a company before any expenses are deducted.
Equity
The value of an asset after deducting the amount of all liabilities on that asset, representing an owner's interest in a company.
Expenses
Costs incurred by a business in the process of earning revenue, including costs such as rent, utilities, and salaries.
Equity
The remaining interest in a company's assets after all debts are subtracted, signifying the owner's stake in the business.
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