Examlex
(Appendix 12A) Inflation refers to the:
Operating Asset
An Operating Asset is an asset used by a company in its day-to-day operations to generate revenue, such as machinery, buildings, or equipment.
Components
Parts or elements that make up a larger system or compound.
Commercial Substance
A transaction has commercial substance if it significantly changes the company's future cash flows.
Depreciated
A reduction in the value of an asset over time, due in particular to wear and tear.
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