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Descartes says, "And although the right conception of this truth has cost me much close thinking, nevertheless at present I feel not only as assured of it as of what I deem most certain, but I remark further that the certitude of all other truths is so absolutely dependent on it that without this knowledge it is impossible ever to know anything perfectly." In the italicized phrase,
Descartes is referring to the belief in the power of thought.
Useful Life
Useful Life is an accounting estimate of the time period a tangible asset is expected to remain functional and economically viable for its intended purpose.
Depreciation Estimates
Projections made about the reduction in value of a tangible asset over its useful life for accounting and tax purposes.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset's value over time.
Depreciation Estimates
Projections or calculations made regarding the decrease in value of tangible assets over time due to use, wear, or obsolescence.
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