DEPRECIATED HISTORICAL COST Definition

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DEPRECIATED HISTORICAL COST (DHC) is he method of valuation of certain assets at the actual cost of their acquisition and subsequent enhancement less a reduction for depreciation to date.

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EXEMPT is being freed from or not subject to an obligation, liability, tax, etc.; excused. Examples: exempt gifts or tax-exempt bonus.

BAD DEBT is an open account balance or loan receivable that has proven to be uncollectible and is written off.

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