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On average, the United States falls into recession about every 10 years.
Property, Plant, and Equipment
Tangible long-term assets owned by a business, used in the production or supply of goods and services, such as buildings, machinery, and vehicles.
Accumulated Depreciation
It represents the total amount of depreciation expense that has been recorded for an asset over its life.
Intangible Assets
Non-physical assets owned by a business, such as patents, trademarks, and copyrights.
Physical Substance
The tangible aspect of assets, implying that they have a real, palpable presence.
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