Examlex
A common car engine is 20% efficient.When cruising,the car encounters an average retarding force of 1000 N.If the energy content of gasoline is 40 MJ/L,how many kilometers per liter does the car achieve?
Fair Value
An approximation of the cost at which a liability or asset might be traded between informed, consenting parties in a fair transaction.
AASB 16
The Australian Accounting Standards Board standard concerning leases, requiring lessees to recognize assets and liabilities for most leases.
IFRS 16
An International Financial Reporting Standard that specifies how an organization should report leases in its financial statements.
Lease Receivable
An asset account that records the amounts due to the lessor from the lessee under the terms of a lease agreement.
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