Examlex
A contains the description of the entire database as seen by the database administrator.
Composite Depreciation Method
A method used to depreciate a group of assets that have different lives and uses as one single asset, applying a uniform depreciation rate.
Accumulated Depreciation
The total depreciation that has been recorded for an asset over its useful life.
Gain On Sale
The profit earned from the sale of an asset above its book value.
GAAP
A set of widespread accounting rules and standards, referred to as Generally Accepted Accounting Principles, used for financial reporting.
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