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(also called diminishing balance method) a method of calculating depreciation where the accumulated depreciation is taken into account; depreciation calculated on the carrying value of an asset.
(also called inventory or stock) all the goods or merchandise kept on hand (on the premises of a...
(also called sole proprietor) type of business owned and run by one individual
person or organisation that has lent the business money or extended credit for goods purchased...
(also called accounting period, book year or financial year) specific period used for...