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________ Red nuclei
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or the wear and tear over time.
Long-Term Debt
Loans and financial obligations lasting more than one year, used to finance a company's operations or expansions.
Direct Approach
A method in financial accounting that involves reporting major classes of gross cash receipts and payments, providing a clear view of a company's cash flow.
Indirect Approach
A method for preparing the cash flow statement where net income is adjusted for non-cash transactions, deferred taxes, and changes in working capital.
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