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Depreciation is the process of applying the matching principle to long-usage assets, the net cost being allocated against the benefits over the expected useful life, theoretically in proportion to such benefits. A number of common methods exist, all arbitrary in different ways.

An asset, in essence, is something controlled by a business, arising from a past event, and expected to be beneficial in the future. Fixed assets are assets which are held for the purpose of continued use in the business over a number of accounting periods.

As part of my PhD study, I am conducting some research on teachers’ conceptions of learning. The research will be conducted via the online medium of e-mail and will consist of a series of 12 open and semi-open questions. I am specifically requesting help from teachers who teach GCSE Business Studies, GCSE Economics or GCSE Business and Economics courses. The questions will focus on your views and opinions of the teaching and learning of students and of economics and business at GCSE level.

It should be recognized that if some entrepreneurial characteristics are taken to their extreme then entrepreneurs exhibit a ‘dark side’ which could result in destructive behaviours. In addition, entrepreneurship has now extended into major corporations where innovative activity is revitalizing organizations. Known as intrapreneurship, this entrepreneurial strategy inside established companies has become a major force for growth and development of organizations.

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