Examlex
Every limited partnership must have at least one general partner.
Straight-line Method
A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.
Salvage Value
The projected remaining worth of an asset upon reaching the end of its serviceable duration.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting its decrease in value over time.
Straight-line Depreciation
A method of allocating the cost of a tangible asset over its useful life evenly.
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