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Depreciation Refers to a Decrease in the Value of a Durable

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Depreciation refers to a decrease in the value of a durable good caused by


Definitions:

Oil

A natural fossil fuel used as a primary source of energy for heating, transport, and industrial processes.

Coal

A flammable black or dark brown sedimentary rock primarily utilized for energy production.

Iron Ore

A naturally occurring mineral from which iron (Fe) is extracted to make steel and various other products.

Wildlife

Wild animals collectively; the native flora and fauna in a particular region not domesticated or cultivated by humans.

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