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Simplify the rational expression. If the rational expression cannot be simplified, so state.
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Expensed
Describes costs that are charged against income in the period they are incurred, rather than being capitalized.
Normal Return
The expected return on an investment under normal conditions, considering historical averages and market conditions.
Excess Earnings
Profits that exceed the normal expected return on investment or capital for a business operation or asset.
Fair Value
The estimated price at which an asset or liability could be bought or sold in an orderly transaction between market participants.
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