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NIC (Network Interface Controller)devices in laptops and printers have been replaced by WNIC (wireless NIC)devices.
Fees Earned
Revenue generated from providing services, as opposed to selling goods, in a given period.
Prepaid Expense
An expense that has been paid in advance and will be recognized as an expense in a future accounting period.
Normal Balance
The side of an account, either debit or credit, where increases in the account are recorded.
Net Book Value
The value of an asset after accounting for depreciation or amortization, representing its carrying value on the balance sheet.
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