Examlex
P waves ________.
Personal Property
Assets that are movable and not permanently attached to one location, including tangible items like furniture and intangible entities like intellectual property.
Units-of-Activity Method
A depreciation method where the expense is based on the number of hours used or units produced by an asset, rather than the passage of time.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.
Residual Value
The estimated value of an asset at the end of its useful life.
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