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According to research on the testing effect,
Depreciation
A method of allocating the cost of a tangible asset over its useful life.
Interest Receivable
An accounting term for interest that has been earned but not yet received in cash.
Unearned Service Revenue
Income received by a company for services yet to be performed, treated as a liability until the services are provided.
Supplies Expense
The cost associated with consuming supplies over a specific accounting period, impacting the income statement.
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