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The Appalachian Mountains were formed as a result of the collision of North America and Africa at the end of the Paleozoic era. Describe what the Appalachians looked like when formed and what has caused them to become a series of gently sloping hills today.
Residual Value
The estimated amount that an asset will be worth at the end of its useful life, after it has been fully depreciated.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life evenly.
Depreciation Expense
Assigning the cost of a solid asset across its useful lifespan.
Journal Entry
A record of financial transactions in the accounting books, showing accounts affected, amounts, and date.
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