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Functional Currency
The currency of the primary economic environment in which the entity operates and reports its financial statements.
Depreciation Expense
The allocated reduction in the carrying value of a tangible fixed asset over its useful life.
Functional Currency
The currency of the primary economic environment in which an entity operates, often used in financial reporting.
Translation Rate
A rate at which one currency is converted into another, used in the preparation of financial statements for companies operating in foreign currencies.
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