Examlex
________ is often stored electronically and left behind with an organization even when an employee is no longer with the organization.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against an asset over its useful life.
Impairment Loss
An impairment loss occurs when the carrying amount of an asset exceeds its recoverable amount, indicating the asset is not expected to generate future benefits worth its recorded value.
Accumulated Depreciation
The total amount of depreciation expense allocated to an asset since it was put into use.
Fully Depreciated
A condition where a fixed asset has reached the end of its useful life and its book value is reduced to salvage value or zero.
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