Examlex
Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a(n) ________ and under a fixed exchange rate system a decrease in the official value of a currency is called a(n) ________.
Capital Expenditures
Investments in physical assets like property, plant, and equipment, which are expected to improve a company’s future productive capacity.
Operating Efficiency
A metric that indicates the ratio of output gained to the input expended in the business process.
Extend Its Useful Life
The process of prolonging the period over which an asset can productively be used, often through maintenance or improvements.
Functional Depreciation
The decrease in the usefulness or value of an asset due to advancements in technology or changes in market demands, rather than physical wear and tear.
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