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What country has the oldest written constitution in the world?
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in the asset's value over time.
Useful Life
The estimated duration a fixed asset is expected to be economically utilisable by the business before it's fully depreciated.
Goodwill
An intangible asset representing the value of a company's brand, customer relationships, employee relations, and other non-physical assets.
Intangible Asset
An asset that lacks physical substance but is still valuable because of its potential economic benefits, such as patents or trademarks.
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