Examlex
An agreement that may be either legally enforced or rejected by one party is an enforceable but voidable contract.
Double-Declining Balance
An accelerated method of depreciation that doubles the rate at which an asset’s book value declines compared to straight-line depreciation.
Straight-Line Depreciation
A method of allocating the cost of an asset evenly over its useful life.
Depreciation Tax Shield
The reduction in taxes due to depreciation’s reducing taxable income.
Net Operating Cash Flows
The amount of cash that a company generates from its normal business operations after subtracting operating expenses.
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