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The inventory of a scrap pile is as follows:
Channel iron, 87"
Plate steel, 147"
Key stock, 45"
Pipe, 69"
Flat iron strap, 208"
A pipe support is welded using the following materials from the scrap pile:
Channel iron, 61"
Plate steel, 106"
Key stock, 39"
Pipe, 22"
Flat iron strap, 189"
-How much key stock remains in the scrap pile, in inches?
Straight-Line Method
A depreciation technique that allocates an equal amount of the asset's cost to each year of its useful life.
Semiannually
Occurring twice a year; a term often used to describe the payment schedule of interest or dividends.
Amortization of Discount
The gradual reduction of a bond discount over its life, affecting the issuer's interest expense and balance sheet.
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