Examlex
Composite depreciation is applied to homogeneous assets which have similar service lives and residual values.
Negligence
A failure to exercise appropriate and/or ethical ruled care expected to be exercised amongst specified circumstances, leading to harm or damage.
Reasonable Person
A legal standard used to determine how an average person would responsibly act under similar circumstances.
Society Expect
The anticipations or beliefs regarding behavior, norms, or achievements considered standard or desirable by a community or group.
Duty Of Care
Duty of care is a legal obligation to act with a certain level of attention, caution, and prudence to avoid harm to others or their properties.
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