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Depreciation
An accounting method of allocation that spreads the cost of an asset over its useful life to account for its decrease in value over time.
Book Value
The net value of a company's assets minus its liabilities, often used to assess a company's worth.
Impaired Goodwill
The decrease in the value of a company's goodwill, often due to adverse changes in the business or market conditions, requiring a write-down in accounting.
Amortization
The practice of systematically depreciating the initial cost of an intangible asset over its life span.
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