Examlex
What are the six types of focus?
Accumulated Depletion
The total amount deducted from the gross value of an asset to account for the extraction of natural resources over time.
Coal Mine
A physical location where coal is extracted from the earth.
Land Account
A record in the financial statements that represents the cost of land owned by an entity, not depreciated over time.
Service Potential
Service potential refers to the future benefits or value that assets, especially non-financial ones, will provide to an entity over their useful life.
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