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Identify and describe three components of good time management.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.
Period's Expenses
Costs incurred by a business during a specific period of time, such as a month or year, in the course of its operations.
Period End Liabilities
Period end liabilities are the obligations a company must pay at the end of an accounting period.
Period's Assets
Assets that are expected to be utilized or converted into cash within the timeframe of a single fiscal period.
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