Examlex
Which of the following are signs of a high-quality day care?
Long-Lived Assets
Assets that provide economic benefits to a business over a prolonged period, typically more than one year, such as buildings, machinery, and equipment.
Fixed Assets
Enduring assets with physical presence utilized in business activities, not foreseen to be liquidated or changed to cash within twelve months.
Depreciable Cost
The difference between a fixed asset’s initial cost and its residual value.
Acquisition Cost
The total cost associated with acquiring an asset, including the purchase price and any additional expenses necessary to get the asset ready for use.
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