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Describe different types of pipe connections and their applications.
Depreciation
The methodical distribution of a physical asset's cost across its lifespan.
Manufacturing Equipment
Assets used in the process of producing goods, including machinery, tools, and other apparatus necessary for the manufacturing process.
Raw Materials Inventory
The total cost of all component materials currently in stock that have not yet been used in work-in-process or finished goods production.
Overapplied
Refers to a situation where the allocated costs exceed the actual overhead expenses incurred.
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