Examlex
Explain the concept of legal aid.
Salvage Value
The estimated resale value of an asset at the end of its useful life, often considered in depreciation calculations.
Restatement
The revision and republishing of one or more previously issued financial statements to correct an error.
Cash Fund
A reserve of cash set aside for specific needs or emergencies, ensuring liquidity for unexpected expenses.
Gain on Disposal
The profit realized from the sale of an asset for more than its book value.
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