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______ is a modeling technique for emulating a process,usually conducted a considerable number of times to understand the process better and measure its outcomes under different policies.
Operating Lease
An operating lease is an agreement allowing someone to use an asset without ownership, typically for shorter periods, and expenses are recorded as operating expenses.
Implicit Interest Rate
The interest rate that can be inferred from the terms of a lease or loan, reflecting the true cost of borrowing when the interest rate is not explicitly stated.
Straight-line Method
A depreciation technique that allocates an equal amount of the asset's cost to each year of the asset's useful life.
Depreciation Expense
The allocated cost of an asset over its useful life, representing how much of the asset's value has been used up during an accounting period.
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