Examlex
________ consists of devices such as the processor, monitor, keyboard, and printer.
Fair Market Value
The price at which property would sell between a willing buyer and a willing seller, each having reasonable knowledge of all relevant facts and not under any compulsion to transact.
Appraised Value
The estimated monetary value of an asset determined by a professional appraiser at a specific point in time.
Depreciated
Refers to the reduction in the recorded value of an asset over time due to wear and tear, obsolescence, or age.
Equipment
Tangible assets used in operations, such as machinery or office hardware, that play a key role in business operations and productivity.
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