Examlex
The fact that the defendant has a graduate degree in software design is admissible in a case in which a hacker bypassed a company's security system and transferred money to a Swiss bank account:
Depreciation
Depreciation represents the gradual reduction of the recorded cost of a fixed asset over its useful life, reflecting the asset's wear and tear, deterioration, or obsolescence.
After-Tax Income
The amount of income left after all applicable taxes have been deducted, reflecting the net income available for spending, saving, or investment.
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue.
Financial Statements
Financial statements are formal records of the financial activities and condition of a business, including balance sheet, income statement, and cash flow statement.
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