Examlex
Match each term to its definition.
-Occurring at the same time
Machinery and Equipment
Long-term assets used in the operation of a business, typically for manufacturing, processing, or office operations.
Land
A natural resource that refers to the earth's surface not covered by water, which can be used for agriculture, construction, or as an investment.
Insurance
A financial product that provides protection against losses or damages, typically in the form of a policy for which the insured pays a premium.
Residual Value
The calculated estimate of what an asset will be worth when it reaches the end of its functional life.
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