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How is a line of credit different than a revolving credit agreement?
Depreciating Assets
Assets whose value decreases over time due to use, wear and tear, or obsolescence.
Plant Asset
Physical assets with a long lifespan that are employed in business operations without the purpose of being sold, including equipment and structures.
Useful Life
The duration during which an asset is expected to be usable for its intended purpose.
Salvage Value
The projected remaining value of an asset following its operational lifespan, once depreciation or amortization has been taken into account.
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