Identify Two ASME Terms That Reference a Number Assigned to an Item

question 2

Short Answer

Identify two ASME terms that reference a number assigned to an item on the field of the print and correlated to the part or identification number in the parts list.

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Definitions:

Depreciation Expense

An accounting method to allocate the cost of a tangible asset over its useful life to represent wear and tear over time.

Straight-Line Method

A method of calculating depreciation that spreads the cost of an asset evenly over its useful life.

Gain or Loss

The financial result from selling assets or settling liabilities at amounts different from their carrying amount, showing either a profit (gain) or deficit (loss).

Canadian Intellectual Property Office

A government agency responsible for the administration and processing of the intellectual property system in Canada.