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Useful Life
The estimated period of time during which an asset is expected to be usable, contributing to a company's operations.
Value-Based Pricing
Pricing strategy where the price of a product or service is determined based on the perceived value to the customer rather than the cost of production.
Operating Cost
The total expense associated with the normal operations of a business, excluding cost of goods sold.
Useful Life
The estimated period over which a fixed asset is expected to be usable by the company, affecting its depreciation calculation.
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