Examlex
New employees learn corporate culture through the process of organizational socialization.
Useful Life
The expected period over which a fixed asset is anticipated to be usable by an entity, after which it will no longer be efficient or effective.
Double-Declining-Balance
A method of accelerated depreciation that calculates depreciation expenses by doubling the straight-line rate.
Accumulated Depreciation
The cumulative sum of depreciation expense assigned to a physical asset since its initial use, representing its cost allocation.
Salvage Value
The estimated residual value of an asset at the end of its useful life, often considered in depreciation calculations.
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