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In a plural executive system, the authority among the elected officials is
Equipment
includes tangible property that is used in operations, often for more than one year, such as machinery, computers, and vehicles.
Depreciation
The methodical distribution of an asset's depreciable value across its lifespan.
Depreciable Cost
The cost of a tangible asset minus its estimated salvage value, over which depreciation is calculated.
Depreciation Expense
An accounting method allocating the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.
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