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The exclusionary rule _____.
Cost Model
An accounting method that values an asset based on its historical cost less any accumulated depreciation or impairment losses.
Impairment Loss
A charge recognized when the carrying amount of an asset exceeds its recoverable amount, reflecting a permanent reduction in the asset's value.
Accumulated Depreciation
The total depreciation that has been recorded against an asset over its useful life, representing the reduction in value of the asset.
Cost Model
An accounting method that values an asset based on its historical cost less any accumulated depreciation and impairment losses.
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