Useful Life
Useful life is the estimated period over which an asset is expected to generate economic benefits for a business. It determines the depreciation or amortisation schedule applied to the asset. Estimating useful life accurately ensures realistic expense allocation, asset valuation, and compliance with accounting standards.
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Unit Trust
A unit trust is a collective investment scheme where investors pool funds to invest in diversified assets such as stocks,…
Underwriting Commission
Underwriting commission is the fee paid to underwriters for assuming the risk of buying and reselling securities or insurance policies.…
Unearned Discount
An unearned discount is the portion of a financial discount received before it is actually earned, typically on prepaid expenses…
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