Examlex
Unearned Revenue is a ________ account and carries a ________ normal balance.
Fixed Asset
Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.
Useful Life
The period over which an asset is expected to be used by an entity, or its lifespan for accounting purposes.
Residual Value
The estimated value of a fixed asset at the end of its useful life.
Average Rate
A mean value calculated to represent the typical rate of something, such as interest, return, or speed, over a given period.
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