COMPOSITE DEPRECIATION Definition

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COMPOSITE DEPRECIATION is the grouping of similar assets or dissimilar assets within the same class together for the purpose of computing a single depreciation rate to be applied to all assets within the group.

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RPI, among many others, can be Retail Price Index, Real Property Inventory, Rapid Process Improvement, or Responsive Production Inventory.

CARTE BLANCHE is unrestricted power to act at ones own discretion, i.e. unconditional authority.

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