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an expense (such as depreciation) that is not paid for in cash
wear and tear
decrease in value of an asset due to obsolescence or use
straight-line method of depreciation
(accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life
(accounting) reduction in the book value of an asset
amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
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