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Accelerated Depreciation
A method of depreciation in which an asset loses value at a faster rate in the initial years of its life, often used to reflect higher usage or obsolescence.
Municipal Obligations
Debts issued by municipalities, often in the form of bonds, to finance public projects such as roads and schools.
FASB Conceptual Framework
A set of objectives and fundamentals developed by the Financial Accounting Standards Board to guide the creation of accounting standards.
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