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What Is the Term of the Following Definitions

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Short Answer

What is the term of the following definitions:
-Plan where the physician sets a price for each type of service delivered, and the client or insurance companies pay the fee.


Definitions:

Depreciation Expense

Assigning the cost of a material asset over the duration of its usefulness.

Estimated Salvage Value

The projected value of an asset at the end of its useful life, used in calculating depreciation.

Straight-Line Depreciation

A method of allocating an asset's cost evenly across its useful life.

Useful Life

The estimated time period that an asset is expected to be usable for the purpose it was acquired, influencing depreciation calculations and capital budgeting.

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