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U.S. GAAP
United States Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the U.S. to compile financial statements.
Accumulated Depreciation
The complete portion of a physical asset's initial cost that has been charged off as depreciation expense from the time the asset became operational.
Historical Cost
The original monetary value of an asset as it appears in the financial records, not adjusted for inflation or changes in value.
Subsequent Carrying
The process of recording or managing an asset on the balance sheet after its initial recognition, reflecting any changes in value.
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