Examlex
Explain the self-correcting nature of science.
Original Cost
The initial expenditure involved in acquiring an asset, including purchase price, transportation, and installation.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear.
Fixed Assets
Long-term tangible assets used in the operation of a business that are not expected to be converted into cash in the upcoming year.
Usefulness
The quality of being practical and beneficial, especially in decision-making or assessing value.
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