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A-Amortization P-Depletion
D-Depreciation N-None of these
1. Goodwill
2. Land
3. Buildings
4. Patents
5. Copyrights
6. Research and development costs
7. Timberlands
8. Franchises (indefinite life)
9. Licenses (limited life)
10. Land Improvements
11. Oil Deposits
12. Equipment
Risk Averse
A descriptive term for investors or individuals who prefer lower risk or uncertainties, often choosing investments with smaller potential returns to avoid losing money.
Retirement Savings Plan
A retirement savings plan is a financial arrangement designed to replace employment income upon retirement, which can include various types of accounts like 401(k)s and IRAs.
Tax-exempt Saving
An investment account or product that offers tax benefits, such as no taxation on the interest or profits earned.
529 Plan
A tax-advantaged savings plan designed to encourage saving for future education costs, including tuition, fees, and room and board.
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