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Accounting Period
The specific period of time covered by financial statements, typically a year or a quarter, for which all financial transactions are recorded and reported.
Straight-line
A method of depreciation that allocates an equal expense rate to each year of an asset’s useful life.
Accelerated Methods
Depreciation methods that allocate more depreciation expense to the earlier years of an asset's life.
Depreciation
Strategically spreading out the cost of a tangible asset throughout its period of usefulness.
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