Examlex
Once the estimated life is determined for a depreciable asset it can never be changed.
Contractor
An individual or company hired to perform work or provide services for another entity under terms specified in a contract.
English Rule
A legal principle stating that the losing party in a lawsuit must pay the winning party's legal costs.
Majority Rule
A decision-making rule in which the option that receives more than half of the votes is chosen.
Assignee
An individual or entity to whom rights or interests have been transferred by another, known as the assignor.
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