EXPLICITLY Definition

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EXPLICITLY is something fully and clearly expressed, i.e. leaving nothing implied.

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COST/INCOME RATIO is total expenses divided by the sum of total income.

DEPRECIATION ALLOCATION is the allocation of the cost of capital expenditures so that revenue is matched with expenses for items that will last more than one year (land is not depreciable). The methodology is to allocate plant and equipment cost to expense through the use of accelerated, straight line and units of production amortization methods; as well as the disposal of assets; and, repairs and betterments to assets.

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