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The math department is voting for a new department chairperson. The candidates are Jenkins (J) , Peterson (P) , and Thomas (T) . The results of the election are summarized in the preference table below.
Using the plurality-with-elimination method of voting, determine the winner.
Useful Life
The estimated duration of time a fixed asset is expected to be economically useful to the owner, used for depreciation calculations and planning.
Insurance During Transit
A policy that provides coverage for goods against loss or damage while they are being transported.
Acquisition Cost
The total cost incurred for acquiring an asset, including purchase price, installation charges, and other associated expenses.
Sales Taxes
Taxes imposed on the sale of goods and services that are collected by retailers and passed on to the government.
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