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Explain the impact, if any, on depreciation when estimates that determine depreciation change.
Equal Interests
The concept that parties involved in a transaction, relationship, or matter hold the same degree of importance, value, or rights.
Tenancy At Will
A leasehold estate, or tenancy, that continues for as long as both parties desire.
Rental Agreement
A legal document outlining the terms under which one party agrees to rent property from another party.
Easement
The right to use the land of another for a particular purpose.
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