Examlex
Water changing from a liquid to a gas is known as ______________ and requires the absorption of latent heat.
Unused Capacity
Refers to the available production or service facility space that is not currently being used to generate revenue or produce goods.
Sunk Cost
A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.
Accumulated Depreciation
The total depreciation expense allocated for a tangible asset over its usage period, reducing its book value.
Replacement Equipment
Items purchased to replace older assets within a business, ensuring operational efficiency and continuity.
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