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Depreciation
The accounting method of allocating the cost of a tangible asset over its useful life.
Cumulative Weighted Average Expenditure
A method to calculate the total sum of expenses over a period, where each expenditure is weighted based on its timing or relevance.
Construction Loan
A short-term loan used to finance the building of a real estate project, typically with the property itself serving as collateral.
Impaired Asset
An asset that has a market value significantly less than its carrying value on the balance sheet, indicating it may not be recoverable.
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