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The calculation for annual depreciation using the straight-line depreciation method is
Independent Variable
A variable that is manipulated to observe its effect on a dependent variable in an experiment.
Deterministic Model
A mathematical model in which outcomes are precisely determined through known relationships among states and events, without any randomness.
Probabilistic Model
A mathematical representation of a random system that is characterized by probabilities and randomness.
Y-Intercept
The point at which a line or curve intersects the y-axis of a coordinate system.
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