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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.
accounts in the General Ledger that contain the credit and debit totals of other accounts.
(also called manufacturing machinery expense) expense for use and upkeep of buildings: rent,...
final account that shows all other income and expense accounts.
(also called manufacturing building expense) expense for use and upkeep of buildings: rent,...