Examlex
External debt results when the government spends more than it collects in revenues,whereas internal debt results when a government borrows money from foreign lenders.
Depreciation
The planned apportionment of a tangible asset's cost over the time it is useful.
Salvage Value
The estimated resale value of an asset at the end of its useful life, important for depreciation calculations.
Market Value
Market value is the current price at which an asset or service can be bought or sold in a marketplace, often influenced by supply and demand dynamics.
Useful Life
The estimated period over which an asset is expected to be usable for its intended purpose.
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