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Tuition Revenue
Income received by educational institutions for providing instructional services to students.
Spring Semester
The portion of the academic year that typically runs from January to May in many educational institutions.
Salvage Value
The calculated revenue an asset will generate upon being sold after its effective life span has passed.
Depreciation Expense
The allocated amount of an asset’s cost over its useful life, representing wear and tear, decay, or obsolescence.
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