Examlex
The Aswan High Dam in Egypt has resulted in diminished crop production in the Nile River floodplain downstream because annual flooding no longer brings new and fertile soil.
Depreciation
The process of allocating the cost of a tangible asset over its service life, reflecting the decrease in value over time.
Land's Cost
The purchase price of land plus any additional costs spent to put it into use, such as legal fees and land grading expenses.
Prepaid Insurance
An asset account that reflects the amount paid for insurance policies in advance, before the coverage period.
Insurance Expense
This refers to the costs incurred by a business or individual as a result of purchasing insurance to protect against risks.
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