Business Dictionary :
Absorption, Abstract and Accelerated





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Absorption : noun : making a smaller business part of a larger one

NOTE : no plural



Abstract : noun : short form of a report or document : to make an abstract of the company accounts



a/c & acc : account



Accelerated : adjective : made faster



Accelerated depreciation : system of depreciation which reduces the value of assets at a high rate in the early years to encourage companies, because of tax advamages to invest in new equipment

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