Examlex
What is a type of communications service that enables someone to create a kind of private chat room with another individual in order to communicate in real-time over the Internet?
Depreciation
The systematic allocation of the cost of a tangible asset over its expected useful life, reflecting its consumption, wear and tear, or obsolescence.
Accumulated Depreciation
The total amount of an asset's cost that has been allocated as depreciation expense over its useful life, reducing its book value on the balance sheet.
Asset
Tangible or intangible items of value owned or controlled by a person or company, capable of producing future economic benefits.
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