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What is the first thing that should be done before implementing shaping?
Implicit Rate
An interest rate that is indirectly indicated but not explicitly defined, often used in lease agreements to represent the lessor’s return.
Fair Value
The financial return from unloading an asset or the expense of reallocating a liability in a formalized negotiation among market counterparts at the point of evaluation.
Economic Life
Refers to the expected period of time during which an asset is useful to the average owner.
Non-Cancelable
A term used in contracts and agreements indicating that the contract cannot be canceled or terminated by the parties involved without consequences.
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