Examlex
Unless a product or service is purchased from a company that is registered to the appropriate ISO 9000 standard, a buyer cannot be assured that the quality of what was received will be what was expected.
Gain Or Loss
The financial result that occurs when the selling price of an asset differs from its purchase price.
Initial Cost
The initial expense of acquiring an asset, including purchase price, setup, and preparation costs.
Accumulated Depreciation
The total amount of a tangible asset's cost that has been allocated to depreciation expense since the asset was put into use.
Gain Or Loss
The financial result that occurs when the selling price of an asset differs from its purchase price, either positive (gain) or negative (loss).
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