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To create envelopes via mail merge, select the Letters option in the Mail Merge Wizard.
Useful Life
The estimated duration a fixed asset is expected to be economically useful to an organization.
Capitalized
Refers to recording an expense or cost as an asset on the balance sheet, rather than as an expense on the income statement, to spread out the expense over its useful life.
Long-Lived Assets
These are tangible or intangible assets that a company expects to use for more than one year, including property, plant, and equipment.
Economic Benefits
The gains derived from actions or decisions, typically measured in terms of revenue or income generated or costs saved.
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