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Which statement about the geologic time scale is incorrect?
Indirect Business Taxes
Taxes imposed on goods and services that indirectly affect companies, such as sales tax or value-added tax.
Depreciation
The reduction in the value of an asset over time, often due to wear and tear or obsolescence.
Net Domestic Product
The total value of all goods and services produced within a country in a specific period, minus depreciation.
Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting a decrease in its value over time.
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