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Depreciation Expense
The allocation of the cost of a tangible asset over its useful life as an expense, reflecting wear and tear or obsolescence.
Plant Assets
Long-term tangible assets used in the operation of a business, not expected to be converted into cash within a year, such as buildings and machinery.
Year Ended
Refers to the conclusion of a 12-month accounting period, marking the end of a company's financial year.
Natural Resources
Raw materials that are sourced from the environment and utilized for economic gain, such as minerals, forests, and water.
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