Examlex
Simplify the following expression by combining like terms.
Private Companies
Businesses whose shares are not traded publicly on stock exchanges and are typically owned by the company's founders, management, or a group of private investors.
Intangible Asset
An asset without physical substance that holds value for a business, such as patents, trademarks, and copyrights.
Amortization
The process of spreading the cost of an intangible asset over its useful life for accounting and tax purposes.
Indefinite Life
An accounting term for assets that are not subject to depreciation due to their perpetual existence or usefulness.
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