Examlex
When the usefulness of plant assets used to extract natural resources is directly related to the depletion of a natural resource, their costs are depreciated using the units-of-production method of depreciation, as long as the assets will not be moved to and used at another site when extraction of the natural resources is complete.
Renunciation
The formal or explicit declaration that one refuses to carry out, or is withdrawing from, an agreement or obligation.
Termination
The act of ending something, such as a contract, employment, or agreement, either by mutual consent or unilaterally by one party.
Permanent Loss
A situation where an asset loses value indefinitely, often due to fundamental changes in its market or condition.
Specified Result
A defined outcome or objective that a project or plan is intended to achieve.
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