Examlex
What is employee involvement and why is it important? What are the two major forms of employee involvement?
Accumulated Depreciation
The total amount of depreciation expense allocated to an asset since it was put into use.
Fully Depreciated
A condition where a fixed asset has reached the end of its useful life and its book value is reduced to salvage value or zero.
No Gain
A financial situation where a transaction does not result in any profit to the party involved.
Revaluation Model
An accounting method that allows assets to be carried at a revalued amount, reflecting current values rather than historical cost, with adjustments made to the assets' carrying amount on the balance sheet.
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