Examlex
Give examples of areas that fall under federal jurisdiction.
Residual Value
The estimated amount that an asset is expected to sell for at the end of its useful life, subtracting any disposal costs.
Impairment Loss
A recognized reduction in the recoverable amount of an asset, indicating that its market value has dropped below its book value on the balance sheet.
Double-Declining-Balance
A method of accelerated depreciation which doubles the regular depreciation amount.
Capitalize Development Costs
The accounting practice of adding the costs associated with developing a new product or service to the balance sheet as an asset, rather than expensing them.
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