Examlex
Studies that examine the results of using performance tests in selection have been universally positive and have identified several benefits.
Double-Declining-Balance
A method of accelerated depreciation which doubles the rate at which an asset depreciates compared to the straight-line depreciation method.
Depreciation
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time due to usage, wear and tear, or obsolescence.
Accumulated Depreciation
The total depreciation amount that has been charged against a fixed asset's cost over its useful life to reflect wear and tear.
Equipment
Tangible property owned by a business used in operations, such as machinery, vehicles, or computers.
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