Examlex
Match each of the following terms with their correct description from the items listed below.* Each term may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Can be used as a rough measure of risk and liquidity
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was put into use, reflecting its loss of value over time.
Gain Or Loss
The financial result when the selling price of an asset differs from its cost, resulting in either profit (gain) or deficit (loss).
Original Cost
The initial purchase price or investment made to acquire an asset, not accounting for depreciation or amortization.
Asset Improvements
Expenditures made to increase the usefulness or value of a fixed asset.
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