OPEN INFLATION Definition

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OPEN INFLATION means that prices are rising on consumer goods and services.

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ALLOCATE is to distribute according to a plan or set apart for a special purpose. Examples: a. spread a cost over two or more accounting periods; b. charge a cost or revenue to a number of departments, products, processes or activities on a rational basis.

ACCELERATED DEPRECIATION is a method of calculating depreciation with larger amounts in the first year(s).

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