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applied to paper rights such as the mortgage rather than to physical or human
document IMAGES-001-HOUSE_OVERSIGHT_011143.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

applied to paper rights such as the mortgage rather than to physical or human capital itself. Depreciation of those assets is not as simple as with the mortgage. Cash flow F and discount rate r are typically variables rather than constants. Depreciation theory avoids that compl...