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Pacific uv funny girl lyrics

These may be specified by law or accounting standards, which may vary by country. Depreciation is any method of allocating such net cost to those periods in which the organization is expected to benefit from use of the asset. If an asset is expected to produce a benefit in future periods, some of these costs must be deferred rather than treated as a current expense. In determining the profits net income from an activity, the receipts from the activity must be reduced by appropriate costs. Depreciation is technically a method of allocation, not valuation,[3] even though it determines the value placed on the asset in the balance sheet. The business then records depreciation expense in its financial reporting as the current period's allocation of such costs. The former affects the balance sheet of a business or entity, and the latter affects the net income that they report.

Pacific uv funny girl lyrics

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