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During the transition to parenthood, almost all couples will:
Book Value
The value of an asset as it appears on a balance sheet, calculated by subtracting any associated depreciation or amortization from its original cost.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was put into service, reducing its book value on the balance sheet.
Machinery
Equipment or devices that perform specific tasks, often used in production and manufacturing processes.
Cash
A form of currency that includes coins and paper notes, used as a medium of exchange for goods and services.
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