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Why do cities add salt to their roads either before or after an ice storm? What does the salt do?
Consolidated Net Income
The total net income of a parent company and its subsidiaries, after accounting for intercompany transactions and eliminations.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time.
Straight-Line Method
A method of calculating depreciation or amortization by evenly spreading the cost over the useful life of the asset.
Gross Profit Rate
A financial metric that represents the percentage of revenue that exceeds the cost of goods sold.
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