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Intergovernmental organizations exist primarily to:
Straight-Line Method
A method of calculating depreciation or amortization by evenly spreading the cost over an asset's useful life.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in the asset's value over time.
Useful Life
The estimated duration a fixed asset is expected to be economically utilisable by the business before it's fully depreciated.
Goodwill
An intangible asset representing the value of a company's brand, customer relationships, employee relations, and other non-physical assets.
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