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One benefit of a closed interview question is the richness of detail provided.
Annual Depreciation
The yearly accounting charge representing the cost allocation of the value of an asset over its useful life.
Common Size Balance Sheet
A balance sheet where all entries are expressed as a percentage of total assets, facilitating comparison across time and companies.
Total Assets
The sum of all assets owned by an entity, including cash, investments, inventory, and fixed assets.
Total Equity
The total value of a company's assets minus its total liabilities, representing the owners' equity in the company.
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