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Depreciate
To allocate the cost of a tangible asset over its useful life, reflecting the decline in the asset's value due to use and wear and tear.
Financial Statements
Reports that summarize the financial performance, position, and cash flows of a business over a specific period of time.
Endowment Contribution
A donation made to an institution or organization with the stipulation that it be invested and the principal remain intact, while the investment income can be used for organizational purposes.
Restricted Contribution
Funds given to an organization with stipulations on their usage, requiring the funds to be spent in certain ways or restricted to specific purposes.
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