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How did Europeans justify the extension of imperialism into countries that became colonies?
Net Income
The total earnings of a company after deducting all expenses, taxes, and losses, indicating the company's profitability.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, including revenues, expenses, and net income or loss.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life evenly.
Depreciation
Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life.
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