Examlex
Convert 33.0 inch2 to mm2.
Gain On Sale
The profit earned from the sale of an asset above its book value.
GAAP
A set of widespread accounting rules and standards, referred to as Generally Accepted Accounting Principles, used for financial reporting.
Fair Value
The estimated market value of an asset or liability, reflecting the amount at which it could be bought or sold in a current transaction between willing parties.
Residual Value
The estimated amount that an asset will be worth at the end of its useful life, often used in calculating depreciation and lease payments.
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