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List three different price indices and explain how they differ in terms of the market basket on which they are based.
Depletion
An accounting method used to allocate the cost of extracting natural resources over their productive life.
Total Asset Turnover
A financial metric indicating how effectively a company uses its assets to generate sales.
Amortization
The method of slowly deducting the initial value of an asset over time.
Salvage Value
The appreciated remaining value of an asset as it reaches the end of its effective use period.
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