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Depreciation
The planned distribution of the costs associated with a tangible asset over its usage period.
Units-of-Activity Method
A depreciation method that allocates a fixed asset's cost based on its usage, activities, or units of production, reflecting wear and tear more accurately.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the reduction of value due to wear and tear.
Operating Hours
The scheduled time during which a business or service is open to customers or operations are conducted.
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