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What did the Social Security Act of 1935 create?
Depreciation Charge
The expense recorded to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear.
Economic Benefits
The gains received from the resources or actions, typically measured in terms of revenue or increased value.
Market Value
The price at which an asset or service could be bought or sold in a real or virtual marketplace, reflecting its current worth.
Revaluation Method
An accounting method for periodically reassessing the value of an asset, usually upward, to reflect its current value.
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