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If workers who make DVDs get a pay raise, the equilibrium price of a DVD and the equilibrium quantity of DVDs .
Accumulated Depreciation
The total amount of an asset's cost that has been allocated as depreciation expense over its useful life.
Retroactive Changes
Adjustments made to records, policies, or financial statements that apply to previous periods.
Loss on Disposal
The financial loss incurred when an asset is sold for less than its book value.
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