Examlex
Label the following pair of compounds as:
Internally Generated
Assets or resources that are created within an organization, without acquiring them from external sources.
Gain On Sale
The profit received from selling a capital asset for more than its purchase price.
Plant Asset
A long-term asset used in the production of goods or services, not expected to be consumed or converted into cash within a year.
Book Value
The worth of an asset as reported in the balance sheet, determined by subtracting any depreciation from the asset's initial cost.
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