Examlex
Perceptions of events outside the known channels of sensation are referred to as
Useful Life
The estimated duration an asset is expected to be economically viable or productive.
Composite Depreciation Method
A method used to depreciate a group of assets that have different lives and uses as one single asset, applying a uniform depreciation rate.
Accumulated Depreciation
The total depreciation that has been recorded for an asset over its useful life.
Gain On Sale
The profit earned from the sale of an asset above its book value.
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