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A written agreement that details factors such as responsibilities,resource commitments,budgets,time lines,and development milestones is referred to as a:
Machine Account
An account used in bookkeeping to track the costs and depreciation of a company's machinery.
Residual Value
Estimated value of an asset after all the allowable depreciation has been taken.
Useful Life
At the time an asset is acquired, an estimate is made of its usefulness in terms of years, output, and so forth.
Office Equipment
Assets like computers, printers, and furniture used in an office to perform business operations.
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