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IT and business alignment is considered one of the top 5 most pressing management concerns.
Period of Ownership
The duration for which an asset is owned by an individual or entity, affecting capital gains for tax purposes.
Estimated Useful Life
The expected timeframe during which an asset is likely to be functional and useful for its intended purpose before it becomes obsolete.
Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear, and tear, or obsolescence.
Depreciable Cost
The cost of a plant asset less its salvage value.
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