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Practical English: Banking
I want to make a remittance to New Delhi.
Good morning. May I help you, sir?
Yes. I want to make a remittance to New Delhi.
Do you want an international money order or a banker´s draft?
I´d like a banker´s draft please. It´s not really urgent.
The term depreciation applies only to tangible long-term assets, other than land and natural resources.
Land is not depreciable, because it does not have a limited useful life.
The allocation of the cost of natural resources, such as oil, gas, and timber, to the periods they benefit is referred to as depletion. Natural resources are said to be depleted, not depreciated. Depletion expenses are recorded into [...]
• ANNUAL RING(noun)
The noun ANNUAL RING has 1 sense:
1. an annual formation of wood in plants as they grow
Familiarity: ANNUAL RING used as a noun is very rare.
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