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Describe and explain the three principle methods of financing used by corporations.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was put into use, reflecting its loss of value over time.
Gain Or Loss
The financial result when the selling price of an asset differs from its cost, resulting in either profit (gain) or deficit (loss).
Original Cost
The initial purchase price or investment made to acquire an asset, not accounting for depreciation or amortization.
Asset Improvements
Expenditures made to increase the usefulness or value of a fixed asset.
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