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A formal email that accompanies or delivers information,such as a report,is
Closing Entries
Entries recorded at the accounting period's close to shift balances from temporary to permanent accounts.
Book Value
The net value of an asset or company, calculated as total assets minus total liabilities and intangible assets such as goodwill.
Equipment
Tangible assets used in the operations of a business, often having a useful life longer than one year.
Accumulated Depreciation
The aggregate depreciation charged against a tangible asset over its useful life to represent wear and tear.
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