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Explain how environmental factors would influence a police officer's use of discretion. Do you think environmental factors are important in discretionary decision making? Why or why not?
Historical Cost
The original monetary value of an asset or transaction, used as a basis for accounting and not adjusted for inflation.
Retained Earnings
The portion of net income not distributed as dividends but retained by the company to be reinvested in its core business or to pay debt.
Current Market Value
The amount of money for which an asset can be sold in the marketplace at the current time, reflecting the most recent transaction price possible.
Historical Cost
The original monetary value of an asset, based on the purchase price or investment cost at the time of acquisition, without adjustments for inflation or market value changes.
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