Depreciation is the process of reducing the value of a fixed asset. Depreciation expense is determined by the cost of the asset, the useful life, projected salvage value and the method of depreciation used. A haul truck for a mining company, for example, may have a purchase price of $1 million.
Leeds and the Thousand Islands. (Redirected from Rockport, Ontario) Leeds and the Thousand Islands is a township in the Canadian province of Ontario, located within the United Counties of Leeds and Grenville. The township is located along the St. Lawrence River, and extends north into rural hamlets and villages.
City of Thunder Bay, Canada. Thunder Bay, formerly the twin cities of Fort William and Port Arthur, is a city in Ontario, Canada. Thunder Bay's name is the result of a referendum held on June 23, 1969 to determine the new name of the combined Fort William and Port Arthur.