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What are the three reasons why the aggregate demand curve slopes downward? Give an example of each.
Depreciation Expense
An accounting method used to allocate the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up over a period.
Accumulated Depreciation
The cumulative total of the depreciation expense allocated for a physical asset from the time it was first utilized.
Equipment
Equipment consists of the tools, machinery, and other tangible assets used by a company in its operations.
Asset-Expense Relationship
The association between expenses incurred by a business and the assets used to generate revenue.
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