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While having a discussion, Technician A says that to prevent damage to an air bag clock spring, you should lock the steering column and remove the key. Technician B says that you should wrap the seat belt through the steering wheel to prevent it from turning while the steering unit is removed. Who is correct?
Accounting Profit
The net income for a company, calculated by subtracting total expenses from total revenues.
Depreciation
The approach in accounting where the expense of a tangible or physical asset is spread across its lifespan.
Payroll Expense
The total amount of money a company pays to its employees as salaries and wages, including taxes and other deductions.
Depreciation Expense
The distribution of a physical asset's cost across its lifespan, mirroring its depreciation over time.
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