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How does the hexadecimal numbering system work?
Accumulated Depreciation
The overall depreciation cost that has been allocated to a fixed asset over the span of its useful life.
Patent Rights
Legal protections granted to inventors, giving them exclusive rights to produce, use, and sell their inventions for a limited period.
Amortization
The process of spreading out a loan or an intangible asset's cost over its useful life.
Useful Life
The estimated period over which an asset is expected to be usable, providing economic benefits to its owner.
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