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Why is the light year a useful unit of measurement for astronomical distances?
Reliable Measurement
Reliable measurement implies that the information or data provided is accurate, consistent, and can be dependably used for financial reporting and analysis.
Asset Recognition
The process in accounting to acknowledge and report an item as an asset on the balance sheet provided it meets certain criteria.
Residual Value
The estimated value that an asset will realize upon its sale at the end of its useful life.
Material Amount
A sum of money that is large enough to influence the economic decisions of users based on the financial statements of an entity.
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