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Data That Has Already Been Collected by Some Other Agency

question 10

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Data that has already been collected by some other agency are known as secondary data.


Definitions:

Units-of-production

A depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces.

Molding Machine

A machine used in manufacturing to shape liquid or pliable raw material using a rigid frame called a mold.

Straight-line Method

A method of calculating depreciation or amortization by evenly spreading the cost over the useful life of the asset.

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