Examlex
Choose the one alternative that best completes the statement or answers the question.
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Equipment Trade
The act of exchanging one piece of business equipment for another, often to upgrade or replace assets.
Depreciation Expense
The portion of the cost of a fixed asset deducted as an expense over its useful life, reflecting the asset's consumption or wear and tear.
Common Stock
Shares of ownership in a corporation, granting holders voting rights and a share in the company's profits through dividends.
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