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Answers
  

Quiz of the Day
    Q: The person that signs a listing agreement with a real estate broker to sell property is referred to as:

Word of the Day
   Straight Line Depreciation

"Straight line depreciation" is a method of calculating the depreciation of an asset, which assumes the asset will lose an equal amount of value each accounting period. The annual depreciation charge is calculated by subtracting the expected salvage value of the asset from the original purchase price, and then dividing that number by the number of years of the estimated useful life of the asset.
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