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According to the lipostatic theory,
Fixed Asset
Tangible assets, like buildings, machinery, or vehicles, intended for use over a long period and not readily convertible into cash.
Rent Expense
The cost incurred by a business for leasing property or equipment used in operations, reflected as an expense on the income statement.
Double-Declining-Balance
An accelerated depreciation method that calculates depreciation at twice the rate of the straight-line method.
Depreciation
The systematic allocation of an asset's cost over its useful life, reflecting its decrease in value over time.
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