Examlex
A selective medium contains one or more substances that inhibit growth of certain microbes in order to facilitate the growth of other microbes.
Store Equipment
Fixed assets such as furniture and machinery used in a store for its operation and not for resale.
Depreciation
Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life, reflecting the reduction of value over time.
Non-Current Asset
An asset expected to provide economic benefits beyond one year, such as property, plant, and equipment.
Useful Life
The estimated duration a fixed asset is expected to be productive and functional for a company, impacting depreciation calculations.
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