Examlex
Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-ERA
Salvage Value
The estimated resale value of an asset at the end of its useful life, reflecting what a company expects to recover, less disposal costs, once an asset is no longer needed for business operations.
Straight-Line Method
A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.
Net Equipment Capital Cost
The total cost of acquiring equipment for business operations, minus any salvage value or depreciation.
Increased Working Capital
Refers to an uptick in the company's current assets minus its current liabilities, indicating improved short-term financial health.
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