Examlex
The FDA is responsible for the safety and effectiveness of prescription drugs,but not for the safety or effectiveness of OTC drugs.
Historical Cost
The original monetary value of an asset or transaction, based on the purchase price or cost at the time of acquisition.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a company's assets over time.
Double-Declining-Balance Method
A method of accelerated depreciation which computes depreciation expense by doubling the straight-line rate and applying it to the book value of the asset at the beginning of each year.
Depreciation Expense
Depreciation expense is the allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, decay, or decrease in value.
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