Account Chpt 23

a group of assets used in an industrial process, such as a foundry, factory, or workshop.

• plant assets

• depreciation

a reduction in the value of an asset with the passage of time, due in particular to wear and tear.

• depreciation

• Plant assets

the remaining value an asset possesses

• disposal value

• plant assets

spreads the cost of an asset evenly over the time it will be used

• straight-line depreciation

• depreciation

the total amount an asset has been depreciated up until a single point

• accumulated depreciation

• book value

a measure of a business's equity and the value of an asset as it appears on a balance sheet

• book value

• Cell