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Which nation does not have significant oil reserves?
Patent
A legal document providing exclusive rights to inventors over their inventions, preventing others from making, using, or selling the invention without permission.
Straight-line Depreciation
A method of calculating the depreciation of an asset, which assumes the asset depreciates evenly over its useful life.
Salvage Value
The estimated residual value of an asset after its useful life has ended and it can no longer be used for productive purposes.
Depreciable Cost
The total amount of an asset's cost that can be depreciated over its useful life, excluding salvage value.
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