Examlex
According to the Lewis acid definition,an acid is a substance that is able to accept a pair of electrons.
Modified Approach
An alternative accounting technique that allows governmental entities to report certain infrastructure assets at historical cost, foregoing the need for depreciation.
Infrastructure Depreciation
The systematic allocation of the cost of infrastructure assets over their useful lives, reflecting the consumption or the wearing out of physical assets like roads, bridges, and utility systems.
Maintenance Costs
Expenses incurred for the upkeep and repair of assets to ensure they remain operational and efficient.
Legally Separate
A state in which entities are distinctly independent in terms of ownership, liability, and legal identity.
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