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Identify and briefly discuss factors that possibility explain the declining crime rate. Is there consensus as to whether any of these factors, either by themselves or in combination, account for the decline of crime? Describe Statistics Canada's conclusions regarding factors that possibility explain the declining crime rate in 2015?
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Store Equipment
Fixed assets such as furniture and machinery used in a store for its operation and not for resale.
Depreciation
Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life, reflecting the reduction of value over time.
Non-Current Asset
An asset expected to provide economic benefits beyond one year, such as property, plant, and equipment.
Useful Life
The estimated duration a fixed asset is expected to be productive and functional for a company, impacting depreciation calculations.
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