Examlex
Why did profitability of security firms drop precipitously in 2005 and rebound in 2006 only to fall again in 2007?
Economic Life
The estimated period over which an asset is expected to be economically usable by one or more users, with profitability considered.
Residual Value
The estimated value that an asset will realize upon the end of its useful life, often used in calculating depreciation.
Straight-Line Method
A depreciation method that allocates the cost of an asset evenly over its useful life.
FASB
The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards in the US.
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