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Why is it important for businesses to be aware of trends in the political?legal environment?
Noncash Expense
Expenses recorded on the income statement not requiring actual cash outflow, such as depreciation and amortization.
Depreciation
The accounting practice of allocating the cost of a tangible or physical asset over its useful life, reflecting the decrease in value of the asset over time.
Operating Costs
Expenses related to the core functions of running a business, including manufacturing and service delivery.
Income Taxes
Taxes imposed by the government on the income generated by businesses and individuals within their jurisdiction.
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