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What is the length of copyright and patents in the United States?
Fully Depreciated
A term used when a fixed asset has been depreciated to its salvage value and no longer carries a cost on the balance sheet except its possible residual value.
Loss on Disposal
Represents the financial loss a company incurs when it disposes of an asset for less than its carrying value.
Accumulated Depreciation
The total depreciation of a fixed asset accumulated up to a specified time, reflecting wear and tear or obsolescence.
Van
A type of vehicle designed for transporting goods or people, characterized by its large cargo or passenger area and commonly used for commercial, logistical, or personal use.
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