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Describe the use of amortization for an asset leased under a finance lease. Include a discussion of the amortization period.
Refurbish
The process of cleaning, renovating, or updating an item, particularly to restore it to a good condition or improve its functionality.
Terminated
Brought to an end or concluded, which can apply to contracts, employment, or any other agreement.
Security Company
A business that provides services related to the protection of physical property and assets, including surveillance, alarm systems, and private security personnel.
Alarm System
A device or set of devices designed to alert or warn individuals of potential danger, such as break-ins or fires.
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