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Describe the two forms of non-union representation.
Revaluation
An adjustment of the value of an asset to reflect its current market value rather than its cost value.
Useful Life
The estimated period over which an asset is expected to be usable by a company before it is fully depreciated.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.
Installation Costs
Expenses associated with putting fixed assets into operation, including the costs of setting up, assembling, and installing the assets.
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