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The first information systems were in the functional area of
Contingent Rentals
Contingent Rentals are lease payments that are not fixed or established in advance but depend on a future event or condition, like a percentage of sales.
Rental Income
The income received from leasing out property or other assets.
Depreciation Expense
Depreciation Expense represents the allocation of the cost of tangible assets over their useful lives recognizing a decrease in value due to wear and tear, deterioration, or obsolescence.
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