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Which of the following is not a characteristic of the reformatory model?
Depreciation Expense
The portion of the cost of a fixed asset that is considered as an expense due to its use, wear and tear, or obsolescence over its useful life.
Tax Rate
The metric used to figure out the tax obligation of individuals and corporate entities.
Discount Rate
The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.
Initial Cost
The total expense incurred to acquire an asset or product, including the purchase price and all related fees and taxes, but excluding any subsequent maintenance or operational costs.
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