Examlex
Why might a student consider adding a minor in addition to a major area of study in psychology?
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, representing the asset's expense.
Capital Lease
A lease agreement that is considered a purchase of the asset for accounting purposes because it transfers substantially all risks and rewards of ownership to the lessee.
Ordinary Gain
A profit resulting from business operations or the sale of assets, excluding extraordinary items and discontinued operations.
Extraordinary Gain
A gain resulting from events or transactions that are both unusual in nature and infrequent in occurrence, separated from regular business operations.
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