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Plant Assets
Long-term tangible assets used in the production of goods or services.
Capital Expenditures
Original cost of an asset as well as additions or enlargements, extraordinary repairs, and betterments.
Budgeting
The process of creating a plan to spend your money, allocating future income towards expenses, savings, and debt repayment.
Equipment
Tangible property used in operations, such as machinery or computers, which has a useful life beyond a single reporting period.
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