BASE PERIOD Definition

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BASE PERIOD is a specified time period under which data is gathered, analyzed and used as a benchmark against which comparative financial or economic data from other periods is measured.

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BOOKKEEPING is the art, practice, or labor involved in the systematic recording of the transactions affecting a business.

EXISTING USE VALUE (EUV) is the price at which a property can be sold on the open market assuming that it can only be used for the existing use for the foreseeable future.

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