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Financial Terms explained

  • Depreciation

    ⏩Brief Explanation Decline in asset value over time. 📔Glossary Definition Depreciation is an accounting method used to allocate the cost of a tangible or physical asset over its useful life. It represents how much of an asset's value has been use ...

  • Costs of Goods Sold

    ⏩Brief Explanation Direct costs of producing sold goods.   đź“”Glossary Definition Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a business. This amount includes the cost of the materia ...

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