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Which of the following statements regarding the thymus gland is FALSE?
Equipment
In business, equipment refers to the tangible assets used in operations, such as machinery, computers, and tools, which are not intended for sale.
Depreciation Expense
The portion of the cost of a fixed asset that is considered consumed during its period of use by a business.
Prepaid Expenses
Costs incurred before receiving goods or services that are expected to be provided later.
Accounts Receivable
Funds that are due to a company from its customers for goods or services that have been delivered or sold but not yet paid for.
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