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______ was utilized as an instrument of war in or immediately following most if not all wars, including 20th- and 21st-century wars.
Equipment
Tangible property used in operations, such as machinery and computers, which has a useful life longer than one accounting period and is used in the production of goods and services.
Annual Depreciation
The gradual reduction in the recorded value of a fixed asset, representing its wear and tear, obsolescence, or other declines in value over time.
Book Value
The net value of a company's assets, as recorded on the balance sheet, minus its liabilities and intangible assets.
Financial Statements
Documents that present the financial activities and conditions of a business or entity, including the balance sheet, income statement, and cash flow statement.
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