Examlex
Suppose that in Year 2 there was a higher federal budget deficit than in Year 1.This could be explained by ________ in Year 2.
Revenue
The overall income obtained through the sales of products or services, which are integral to a company's principal operations.
Depreciation Expense
The allocated amount of an asset's cost expensed over its useful life to account for its decrease in value.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, reflecting its loss of value over time.
Withdrawals Account
An account used to record the amounts taken out of a business by its owner(s) for personal use.
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