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Prove or disprove: For all integers
Long-term Asset
An asset that is not expected to be converted to cash or used up within one year of the balance sheet date.
Equipment
Tools, machinery, or apparatus designed for a specific operation or purpose.
Intellectual Property
A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols.
Intangible Asset
Assets that do not have physical substance but hold value for a business, such as patents, trademarks, and goodwill.
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