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In the 19th century, geologists developed the geologic time scale using
U.S. Federal Income Tax
The financial charge imposed annually by the Internal Revenue Service on the income of individuals, corporations, trusts, and various legal entities.
Depreciating Assets
Assets that lose value over time due to use, wear and tear, or obsolescence, such as machinery, vehicles, and buildings.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was put into use, reducing its book value on the balance sheet.
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