Examlex
Residual value not subtracted from cost when computing amortization when using the declining balance method until such time as the book nears the residual value.
Bond Discount
The variance in price between the face value of a bond and the amount it fetches on the market, specifically when sold at a price less than the face value.
Straight-Line Method
A method of calculating depreciation by evenly spreading the cost of an asset over its useful life.
Semiannual Interest
Refers to the payment of interest on a loan or financial instrument every six months.
Bond Premium
The excess value of a bond above its face value in the marketplace.
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