Examlex
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Depreciation Expense
The portion of the cost of a fixed asset that is recognized as an expense in the income statement over its useful life.
Revalued Upward
Revalued upward is a term used in accounting to indicate an increase in the book value of an asset to reflect its current market value.
Subsequent Depreciation
The allocation of an asset's cost over its useful life, considering any adjustments made following the asset's initial measurement and recognition.
Revaluation Method
A method used to adjust the carrying value of an asset to its current market value on the balance sheet.
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