Examlex
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Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.
Capital Asset
An asset of any kind owned for investment or personal purposes, not usually sold in the course of business.
Household Furnishings
Items and accessories used for decorating and living in a home, such as furniture, rugs, and appliances.
Business Inventory
Items that are held for sale in the ordinary course of business, representing a current asset on a company's balance sheet.
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