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Match Each of the Following Terms with Its Corresponding Definition

question 87

Multiple Choice

Match each of the following terms with its corresponding definition.
-The technique of hiding the internal implementation details of an object from its external view


Definitions:

Fixed Asset Turnover

A financial ratio indicating how efficiently a company uses its fixed assets to generate sales.

Double-Declining-Balance Method

The double-declining-balance method is an accelerated depreciation technique that writes off a larger portion of an asset's value early in its useful life, decreasing over time.

Residual Value

It is the estimated amount that an asset is expected to realize at the end of its useful life after deducting all costs associated with its disposal.

Depreciation

The methodical distribution of a physical asset's cost over its lifetime, indicating its usage, deterioration, or becoming outdated.

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