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_____ Means Separating Products into Grades and Qualities Desired by Different

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_____ means separating products into grades and qualities desired by different target markets.


Definitions:

Salvage Value

The expected residual cost of an asset by the end of its functional life.

Commercial Substance

A criterion indicating that a transaction significantly changes the economic position or cash flows of a company.

Trade-In Allowance

The amount credited to the buyer of a new item for the value of the item being replaced or traded in.

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