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Accumulated Depreciation
The total amount of a tangible asset's cost that has been allocated as depreciation expense since it was put into use, reflecting usage or wear and tear.
Service Fees Earned
Service fees earned refer to revenues a company generates from providing services to clients or customers, as opposed to selling physical goods.
Work Sheet
A paper or electronic document used by accountants to compile and analyze financial information prior to preparing financial statements.
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operating expenses.
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