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MATCHING
Match each person with one of the descriptions below.
-Lyndon Johnson
Journal Entries
Records of financial transactions in the accounting system, indicating the accounts and amounts to be debited and credited.
Equipment Cost
The purchase price of machinery and tools required for manufacturing or providing services, excluding ongoing operating expenses.
Salvage Value
The calculated sale amount an asset is deemed to achieve after its useful life concludes.
Useful Life
The duration of time over which an asset is expected to be usable for its intended purpose.
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