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Match each term related to depreciation to its best description. Fixed asset Book value Useful life Salvage value Contra asset Designed to offset the balance

Match each term related to depreciation to its best description. Fixed asset Book value Useful life Salvage value Contra asset Designed to offset the balance of its associate fixed asset A long-term asset with a life in excess of 12 months Difference between a fixed asset cost and its accumulated depreciation Represents the expected value at the end of a fixed asset's life Anticipated period of time a fixed asset will be used

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