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Explain What Should Be Included in the Lesson Setup

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Explain what should be included in the lesson setup.


Definitions:

Accumulated Depreciation

A contra-asset account that summarizes or accumulates the amount of depreciation that has been taken on an asset.

Original Cost

The initial purchase price or cost of acquiring an asset including any additional expenses necessary to get it operational.

Cash Provided

The liquidity generated by a company's operations, which may include cash from revenue as well as financing and investing activities.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of an entity.

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