Examlex
The == symbol is referred to as the ______ operator.
Accounting Changes
Accounting changes refer to alterations in accounting policies, estimates, or the reporting entity that significantly impacts a company's financial statements.
Service Life
Service life refers to the estimated period during which an asset is expected to be functional and economically usable.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting its decrease in value over time.
Journal Entry
A record in accounting that represents a financial transaction in a double-entry bookkeeping system, documenting debits and credits to accounts.
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