Examlex
Find the sum, difference, or product.
GAAP
Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.
Research and Development
The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.
Write-down
An accounting procedure reducing the book value of an asset when its market value drops below the recorded cost, resulting in a non-cash expense.
Impaired Asset
An asset that has a market value less than its carrying value on the balance sheet, indicating that it may not generate future benefits worth its listed value.
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