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What theory was developed by Robert House?
Salvage Value
The estimated value that an asset will realize upon its sale at the end of its useful life, used in calculating depreciation.
Discarded
Discarded refers to items or substances that have been thrown away or disposed of, no longer deemed useful or necessary.
Equipment Cost
The total amount spent to acquire, install, and make ready for use a piece of equipment for operational purposes.
Capital Expenditure
Funds used by a company to acquire or upgrade physical assets such as equipment, property, or industrial buildings.
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