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According to this theory,capitalism's insatiable quest for profits and economic expansion is at odds with protecting the environment.
Fixed Asset Account
An account on the balance sheet that reports the cost and accumulated depreciation of long-term tangible assets used in the operations of a business.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, reflecting its decrease in value over time.
Debit
A bookkeeping entry that boosts an asset or expense account, or reduces a liability or equity account.
Tangible Asset
Physical assets or property owned by a person or company, such as buildings, machinery, and vehicles.
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