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A company could improve its acid-test ratio by selling some equipment it no longer needs for cash.
Depreciation Rate
The percentage or method used to calculate the decrease in value of an asset over time due to use, wear and tear, or obsolescence.
FIFO Approach
A method of inventory valuation where the first items put into inventory are the first ones to be recorded as sold.
Sum-Of-The-Years'-Digits Method
A depreciation technique that results in a more accelerated write-off of an asset over its useful life, by applying a decreasing fraction to its depreciable cost.
Repairs
Expenditures that restore an asset to its previous operating condition or maintain the asset in its current condition, without significantly enhancing its value.
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