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Cost-Cutting
The process of reducing expenses to improve profitability without compromising the core activities of an organization.
Depreciated Straight-Line
A method of allocating the cost of a tangible asset over its useful life, resulting in a consistent expense amount each period.
Pre-tax Salvage Value
The estimated value of an asset at the end of its useful life before taxes are taken into account.
Variable Costs
Expenses that change in direct proportion to the amount of goods or services produced, including costs for labor and materials.
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