Depreciation: “…a system that spreads the cost of an intangible asset, such as a patent, over the useful life of the asset” (Wagner, 2005, p. Depreciation provides the same benefit as depreciation, but is specific to non-physical assets, giving a business the advantage of calculating overall net worth.10. Fiscal year: “The financial reporting year of a company” (Wagner, 2005, p. 2). Unrelated to the calendar year, the fiscal year generally coincides with tax requirements.11. Profit margins: “…the profit – what the business owners keep after paying all the bills – as a percentage of sales or revenue” (Wagner, 2005, p. 2). This is ultimately what the business earns after all other debts/obligations are paid.12. Receivables: “…money owed to the business, usually for goods and services” (Wagner, 2005, p. 2). The claims represent an exchange value of its production. An example being an electrical company charging $150 per man hour for a job. Once the effort is complete, if three hours of work were required, the amount receivable would be $450. Debts: “…the money the company owes to others, including its suppliers” (Wagner, 2005, p. 2). As they say, it takes money to make money. Debt is often the initial cost of starting, maintaining and producing a business. An example of accounts payable are business cards, brochures and website.