Examlex
$100 invested at a rate of 5% for 10 years has the same future value as $100 invested at 10% compounded annually for 5 years.
Double-Declining-Balance Method
A method of accelerated depreciation which doubles the normal depreciation rate, reducing the value of an asset more quickly.
Net Income
The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in a linear fashion.
Asset Impairments
The reduction in the recoverable value of a fixed asset or goodwill below its book value, reflected in the financial statements as an expense.
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