DEPRECIATION EXPENSE Definition

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DEPRECIATION EXPENSE is the amount deducted from gross profit to allow for a reduction in the value of something because of its age or how much it has been used. When you buy and own equipment, your business may be entitled to deduct a depreciation expense.

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DOCUMENT RECONCILIATION is the synchronization of formalized documents to approved or changed requirements or specifications.

TAB is Tax Anticipation Bill.

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