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If the price of train tickets decreases,what will be the impact in the market for bus travel?
Book Value
The net value of an asset or company, calculated as total assets minus total liabilities and intangible assets such as goodwill.
Equipment
Tangible assets used in the operations of a business, often having a useful life longer than one year.
Accumulated Depreciation
The aggregate depreciation charged against a tangible asset over its useful life to represent wear and tear.
Income Summary
An account used in the closing process that summarizes the revenues and expenses for a fiscal period, determining the net income or loss.
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