Examlex
What are function points and how do they work?
Double-declining-balance
An accelerated depreciation method that doubles the rate at which an asset's book value decreases, reflecting its quicker loss of value.
Second Year
Refers to the second year in a multi-year analysis, project, or financial statement reporting period.
Ordinary Repairs
Routine maintenance expenditures necessary to keep an asset in operating condition without significantly enhancing its life or value.
Useful Life
The estimated period that an asset is expected to be useful in the operations of a business.
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