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Which of the following does not belong with the others, in relation to age?
Equipment Cost
The total expense incurred in purchasing and preparing equipment for its intended use, including acquisition, delivery, and setup costs.
Land Account
An account in the financial statements that tracks the cost of land owned by a company.
Depletion Charge
A depletion charge is an accounting technique used to allocate the cost of extracting natural resources from the Earth over the period those resources are consumed.
Depreciation Expense
The distribution of a physical asset's cost across its lifespan, mirroring its depreciation over time.
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