Examlex
Can ethics audits discover the potential for unethical behaviour or are they limited to discovering actual instances of unethical behaviour?
Straight-Line Method
A method of calculating depreciation of an asset, which evenly spreads the cost over its useful life.
Salvage Value
The estimated resale value of an asset at the end of its useful life, used in calculating depreciation expenses.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.
Useful Life
The estimated duration of time an asset is expected to remain functional and economically feasible for its intended use.
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