List and Discuss the Three Primary Forms of Language Presented

question 3

Essay

List and discuss the three primary forms of language presented in the text.

---

Definitions:

Betterments

Improvements made to an asset that increase its value or extend its useful life, typically treated as capital expenditures.

Capital Expenditure

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to improve long-term business operations.

Gain or Loss

The financial result from a transaction where the sale price is either higher (gain) or lower (loss) than the purchase price or the book value of an asset.

Disposed Asset

An asset that has been sold, discarded, or otherwise disposed of by a company.