Examlex
Content validity is based on showing that the scores on the test are related to job performance.
Salvage Value
The estimated resale value of an asset at the end of its useful life, important for depreciation calculations.
Market Value
Market value is the current price at which an asset or service can be bought or sold in a marketplace, often influenced by supply and demand dynamics.
Useful Life
The estimated period over which an asset is expected to be usable for its intended purpose.
Plant Asset
Long-term tangible assets used in the production and operation of a company, excluding inventory.
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