Examlex
You overhear someone mention "DSM-IV" in a conversation. What is probably the topic of the conversation?
Depreciation
A method of accounting that distributes the expense of a physical asset across its lifespan.
Fixed Asset
Long-term tangible property that a firm owns and uses in producing its income and is not expected to be consumed or converted into cash in short-term.
Market Value
Market value is the current price at which an asset or service can be bought or sold in the open market.
Prepaid Expense
An expense paid in advance of its due date, recorded as an asset on the balance sheet until the benefits are realized or the service period expires.
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