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Define an Investigative Report and an Incident Report

question 2

Essay

Define an investigative report and an incident report. Provide examples and explain the difference between the two reports.


Definitions:

Intangible Asset

An asset that lacks physical substance but is still valuable because of its potential economic benefits, such as patents or trademarks.

Amortized

The process of spreading out a loan or intangible asset cost over a fixed period in regular installments, covering interest and principal payments.

Salvage Value

The anticipated market value of an asset at the conclusion of its operational lifespan.

Asset's Value

The monetary worth assigned to an asset, based on factors like market value, cost, and depreciation.

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