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Depreciation
A method of allocating the cost of a tangible asset over its useful life.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.
Accrued Fees
Accrued Fees refer to charges incurred by an entity for services performed but not yet billed or paid at the reporting date.
Adjusting Entry
An accounting record entry, created at the conclusion of an accounting cycle, that distributes earnings and expenses to their respective years.
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