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FE Mechanical Engineering Economics Flashcards
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What is depreciation?
What is depreciation?
The gradual decrease in value of an asset over time due to factors like age, wear, and tear
What are bonds?
What are bonds?
Bonds are loans issued by the government that appreciate over time.
The equation for depreciation expenses is ___
The equation for depreciation expenses is ___
Depreciation expenses (Costs-Salvage Value)/ Useful life
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