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Consolidated Financial Statements
Financial statements that represent the aggregation of a parent company and its subsidiaries, presenting the financial position and results of operations as if the group were a single entity.
Consolidated Statement
A financial statement that aggregates the financial positions of a parent company and its subsidiaries.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear, and tear over time.
Straight-Line Method
A method of calculating the depreciation of an asset that allocates an equal amount of depreciation each year over the asset's useful life.
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