Examlex
Write a note on the components of performance appraisal and feedback and pay and benefits to the employees.
Estimated Economic Life
The expected period over which an asset is considered to be useful and contribute to the earnings of a business, affecting its depreciation or amortization.
Capital Lease
A lease agreement in which the lessee essentially acquires the ownership rights of the leased asset, also referred to as a finance lease.
Residual Value
The estimated salvage value or the worth of an asset at the end of its useful life.
Lease Payments
Regular payments made by a lessee to a lessor for the use of an asset over a specified period.
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