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Why may management justifiably hesitate to close a service:
Balance Sheet
A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the company's financial position.
Operating Lease
A lease agreement for the use of an asset without ownership transfer.
IFRS
International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for financial reporting.
Specialized Asset
An asset that is uniquely designed for a specific task or purpose, often resulting in limited alternative uses.
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