Examlex
When determining whether a child meets the qualifying child support test for the parents, scholarships earned by the child do not count as self-support provided by the child.
Residual Value
The estimated amount that an asset is expected to realize upon the end of its useful life after all depreciation or amortization has been accounted for.
Market Value
The current price at which an asset or service can be bought or sold in the market.
Depreciation
Depreciation is the accounting process of allocating the cost of tangible assets over their useful lives, reflecting the loss of value as the asset is used.
Capitalized
The process of recording a cost or expense as an asset on the balance sheet, rather than immediately expensing it, typically to spread the cost over its useful life.
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