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________ are written predictions that specify relations between variables.
AASB 116
An Australian Accounting Standard Board regulation that outlines the accounting treatment for property, plant, and equipment, including recognition, measurement, and depreciation.
Depreciation Charge
The expense recorded to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear.
Economic Benefits
The gains received from the resources or actions, typically measured in terms of revenue or increased value.
Market Value
The price at which an asset or service could be bought or sold in a real or virtual marketplace, reflecting its current worth.
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