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Compared to the price of long-distance telephone calls, college tuition in the United States has
Amortization Expense
The systematic allocation of the cost of an intangible asset over its useful life.
Functional Currency
The currency of the primary economic environment in which an entity operates, most often used in measuring its financial performance and position.
Capital Assets
Long-term assets acquired or owned by a company, used in its operations and not expected to be converted into cash within a year.
Exchange Rates
The price at which one country's currency can be converted into another's, critical for international trade and finance.
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