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Timber Rights
Legal entitlements that allow individuals or companies to harvest timber from a specific area.
Legal Costs
Expenses incurred through legal proceedings, including attorney fees, court fees, and other related costs.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.
Straight-line Method
A depreciation method where the value of an asset is reduced evenly over its useful life.
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