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Which is a characteristic of open circulatory systems but NOT closed circulatory systems?
Adjustment
The process of making entries to correct accounts or to allocate amounts properly at the end of an accounting period.
Office Equipment
Assets like computers, desks, chairs, and printers that are used in an office setting for the operation of the business.
Depreciation
The accounting method of allocating the cost of a tangible asset over its useful life.
Accumulated Depreciation
Overall depreciation expense tallied for a fixed asset since it started being used.
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