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Antonio wants to implement a new "Community Outreach" program in the neighborhood in which he works, and has a lot of ideas for how to fund it, how the program would operate, and who would be involved. Before taking steps to initiate the program, he consults with the local representative to the county board to get her input on this idea. Antonio is remembering that one crucial step in implementing community change is:
Straight-line Method
A method of calculating depreciation of an asset, dividing the difference between its cost and salvage value by the total number of years it is expected to be in use.
Salvage Value
The expected financial return on an asset at the time of its disposal after its serviceable life has concluded.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.
Real Estate
Property consisting of land and the buildings on it, along with its natural resources, involved in buying, selling, or renting land, buildings, or housing.
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