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How could you distinguish between a root hair versus a very small root?
Depreciation Expense
It is an accounting method of allocating the cost of a tangible asset over its useful life.
Residual Value
The estimated amount that an asset will realize upon its disposal at the end of its useful life.
Straight-Line Depreciation
A method of calculating the depreciation of an asset evenly over its useful life, assigning a fixed expense amount to every accounting period.
Fixed Asset
A durable, physical asset that a company possesses and employs in its business activities to produce revenue.
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