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Depreciation Expense
The allocated portion of the total cost of a company's physical assets that is expensed out on the income statement over a set period, reflecting the asset's consumption and wear and tear.
Fixed Costs
Costs that do not change with the level of production or sales, including expenses like rent, salaries, and insurance.
Variable Cost
Expenses that change in proportion with production output or sales, such as materials and labor.
Fixed Costs
Costs that remain constant regardless of the amount of goods produced or sold, like lease payments, wages, and coverage fees.
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