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Which statement is true regarding ventilation?
Plant Assets
Long-term tangible assets used in the operation of a business that are expected to provide benefits for more than one year, such as machinery and buildings.
Computing Depreciation
The process of systematically allocating the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up.
Units-of-production
A depreciation method that allocates an asset's cost based on its usage, output, or units produced, rather than the passage of time.
Salvage Value
The estimated residual value of an asset at the end of its useful life, after accounting for depreciation or amortization.
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