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Today's Terms
Accumulated Depreciation
Definition:
The total depreciation taken on an asset since it was acquired.
Accounting Procedure
Definition:
Similar to accounting method, but applied to more routine issues. For example, the method of computing depreciation, handling small capital expenditures.
Accounting Rate of Return
Definition:
A method of computing the profitability where the total cash inflow over the life of the project is reduced by expenses.
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