Examlex
FASB codification section 712 addresses pension obligations.
Sunk Cost
A cost that has already been incurred and cannot be recovered or refunded, and thus should not influence future financial decisions.
Book Value
Book value is the net value of a company's assets found on its balance sheet, calculated as total assets minus total liabilities and intangible assets.
After-Tax Salvage
The net value of an asset after subtracting taxes associated with its sale or disposal.
Stand-Alone Principle
A method of evaluating the attractiveness of an investment project by analyzing its cash flows as if it were the only project undertaken by the firm.
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