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In the functional approach, a leader would may have to pick up each of the following roles, except:
Straight-Line Depreciation
An approach to spreading the expense of a tangible asset across its lifespan in uniform yearly sums.
Income Taxes
Taxes levied by governments on the income generated by businesses or individuals within their jurisdiction.
Changing Depreciation Methods
The process of altering the accounting method used to allocate the cost of a tangible asset over its useful life for financial reporting purposes.
Newly Acquired Assets
Newly acquired assets refer to assets that a company or individual has recently purchased or obtained, which can include equipment, property, or financial instruments.
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