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Use the following to answer questions :
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Depreciated
A measure of the reduction in the value of an asset over time, often used for accounting and tax purposes.
Unearned Revenue
Money received by a company for a service or product that has yet to be provided or delivered.
Adjusting Entry
An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period.
Total Contract
Refers to the complete agreement and its associated financial value in a contractual arrangement between parties.
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