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Desertion:
Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time.
Balance Sheet
A financial report that offers a glimpse into a company's financial health at a given moment, breaking down the company's assets, debts, and owner's equity.
Equipment
Durable goods used in the operation of a business, not intended for sale, often contributing to the production of other goods or services.
Property Taxes
Taxes levied by local governments on real estate based on the property's value, used to fund public services such as schools and infrastructure.
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