OTHER INCOME Definition

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OTHER INCOME is income from activities that are not undertaken in the ordinary course of an entitys business.

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EXPIRED EXPENSE is an expense having come to an end or become void after passage of a period of time.

CAPITAL SPARE is the parts within inventory that are purchased as spare parts for depreciable assets (e.g., capital equipment). As such, the capital spares within inventory are depreciable and should not be treated as normal inventory.

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