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Given and in the figure, sketch .
Noncash Expense
Expenses that do not directly result in a physical outflow of cash but are recorded in the accounting records, such as depreciation.
Depreciation
The methodical distribution of the expense of a physical asset across its lifespan.
Plant Assets
Tangible assets used in a company's operations that have a useful life of more than one year.
Notes Payable
A written agreement to pay a specified amount, usually including interest, by a certain date.
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