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Collective bargaining contracts between management and the union negotiators
Accumulated Depreciation
This represents the total amount of depreciation expense that has been charged against a fixed asset since it was put into use.
Salvage Value
The approximate salvage worth of an asset at its lifespan's conclusion.
Freight Charges
Freight charges are the costs incurred by a company for transporting goods, merchandise, or commodities from one place to another.
Straight-Line Basis
The straight-line basis is a method of calculating depreciation and amortization, dividing the cost of an asset evenly over its useful life.
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