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Determine the total value of the merchandise using net realizable value.
Maintenance
The routine care and servicing by personnel for the purpose of maintaining equipment or facilities in satisfactory operating condition.
Operating Lease
A lease agreement that allows for the use of an asset but does not convey rights of ownership of the asset.
Financial Lease
A long-term lease agreement that allows the lessee to use an asset while essentially assuming both the risks and benefits of ownership.
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