Examlex
Training involves teaching managers and professionals how to perform their jobs.
Intangible Assets
Non-physical assets that provide economic benefits to a company, such as trademarks, patents, and goodwill.
Amortized
The process of gradually writing off the initial cost of an asset or loan over a period, in regular installments.
Acquisition Cost
The total cost incurred to acquire an asset, including the purchase price and any associated costs such as installation and transportation.
Goodwill
Goodwill is an intangible asset that arises when a company acquires another for a price higher than the fair value of its net identifiable assets, representing factors like brand reputation or customer relationships.
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