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Patent Amortization
The gradual expense recognition over time of a patent, reflecting its decreasing value or utility over its legal lifespan.
Indirect Method
A way of calculating cash flows from operating activities by starting with net income and adjusting for non-cash transactions.
Depreciable Asset
An asset subject to depreciation, typically tangible fixed assets excluding land, reflecting its usage, wear, and tear over time.
Patent Amortization
The gradual expense recognition of a patent's cost over its useful life, reflecting the consumption of the patent's economic benefits.
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