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Walter, who is working on Microsoft Word 2016, is trying to import data from another file into a word document. He clicks on the Object button in the Insert tab and clicks the Create from File tab. This will allow Walter to:
Depreciation Expense
The allocated amount of an asset's cost expensed over its useful life to account for its decrease in value.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, reflecting its loss of value over time.
Withdrawals Account
An account used to record the amounts taken out of a business by its owner(s) for personal use.
Capital Balance
The amount of money invested in a company by its owners or shareholders, represented in the equity section of the balance sheet.
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