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How is the labour force participation rate calculated?
Straight-Line Method
A depreciation method that allocates the cost of an asset evenly over its useful life.
Obsolescence
The process of becoming outdated or no longer used, often because of advancements in technology.
Depreciation Expense
An accounting method used to allocate the cost of a tangible asset over its useful life.
Residual Value
The estimated value that an asset will have at the end of its useful life.
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