Examlex
If we draw a straight line through the points in a scatterplot and most of the points fall close to the line,there is a strong positive linear relationship between the two variables.
Loss on Disposal
The financial loss incurred when an asset is sold for less than its book value.
Plant Asset
Long-term tangible assets that are used in the production of goods or services and are not intended for sale.
Book Value
The value of an asset according to its balance sheet account balance, taking depreciation into account.
Fair Market Value
The estimated price at which an asset would trade in a competitive auction setting.
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