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Pretending begins:
Net Income
The total profit of a company after all expenses, including taxes and operational expenses, have been deducted from total revenue; essentially, it's the bottom line of the income statement.
Average Rate
A term often used in finance to describe the mean rate of return or the mean rate of interest over a specified period.
Fixed Asset
Fixed asset, also known as a non-current asset, is a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income.
Useful Life
The estimated duration an asset is expected to be used in business operations, impacting depreciation calculations.
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