Examlex
A constructor method is invoked each time an object of the class is instantiated.
Recognized
In accounting, recognized refers to the formal acknowledgment in financial statements that a transaction or event has impacted the entity's financial position or performance.
Book Value
The net value of a company's assets as found on its balance sheet, and is calculated by subtracting liabilities from the value of assets.
Depreciable Asset
An asset that diminishes in value over time due to use, wear and tear, or obsolescence, which can be deducted over its useful life.
Market Value
The current price at which an asset or a service can be bought or sold in a marketplace.
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