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(also called diminishing balance method) a method of calculating depreciation where the accumulated depreciation is taken into account; depreciation calculated on the carrying value of an asset.
(also called manufacturing building cost) expense for use and upkeep of buildings: rent, repairs...
monthly statement compiled by the business to reconcile the cash journals with the Bank...
(also called indirect raw material expense) expense for raw materials, such as consumable stores...
undertaking that processes raw materials and sells manufactured products.