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Which of the following is not an accounting assumption?
Net Advantage
The total benefits received minus the costs incurred from an investment or business decision.
Resale Value
The estimated market value of an asset at the future date when it is likely to be sold, often used in reference to vehicles and property.
Present Value
The current value of a future sum of money or stream of cash flows, given a specified rate of return.
Tax Shields
The reduction in income taxes that results from taking allowable deductions such as depreciation, mortgage interest, and other allowances.
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