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Memory for skills is called
Advance Payment
Payment made to a supplier or service provider before receiving the goods or services.
Expense
Expenditures made by a business during the revenue generation process.
Residual Value
The anticipated worth of an asset upon reaching the conclusion of its serviceable period.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation expense that has been recorded against a fixed asset over its useful life.
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