Examlex
When the typical consumer in zip code 63119 is a senior citizen with several children over the age of 25,has a college degree,and is retired,this is an example of what type of information?
Depreciation
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time due to usage, wear and tear, or obsolescence.
Accumulated Depreciation
The total depreciation amount that has been charged against a fixed asset's cost over its useful life to reflect wear and tear.
Equipment
Tangible property owned by a business used in operations, such as machinery, vehicles, or computers.
Balance
The difference between the total debits and credits in an account, or the equilibrium between two opposing forces or aspects.
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