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What is the output of the following statement?System.out.printf("%.2f", 48.9) ;
Accumulated Depreciation
The cumulative depreciation expense recorded for an asset from the time it was first utilized.
Artificial Time Periods
A concept in accounting referring to arbitrary time intervals chosen for the purpose of financial reporting, such as quarters or fiscal years.
Cash Basis Accounting
An accounting method where revenues and expenses are recognized when cash is received or paid, rather than when earned or incurred.
Net Income
The total earnings of a company after all expenses and taxes have been subtracted from revenue.
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