Examlex
MATCHING
Match the person or term with the with the correct description.
-Powhatan
Depreciation Method
A systematic approach for allocating the cost of a tangible asset over its useful life, reflecting how the asset's economic value decreases over time.
Asset's Life
The expected period over which an asset is useful and can contribute to the revenue-generating activities of a business.
Usage
Refers to the consumption or allocation of resources, often related to utilities, software, services, or raw materials in a business context.
Capital Expenditures
Capital expenditures refer to funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.
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