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Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the loss of value due to wear and tear, and obsolescence.
Plant Asset
Permanent real assets employed for creating products and offering services, like facilities, mechanical devices, and apparatus.
Market Value
The immediate cost set for assets or services to be exchanged in a market setting.
Plant Assets
Long-term tangible assets that are used in the operations of a business and are not intended for sale, such as machinery, buildings, and land.
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