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The distributive property is used to multiply two binomials.
Intangible Asset
An asset that lacks physical substance and usually represents legal rights or competitive advantages (e.g., patents, trademarks, copyrights).
Office Building
A structure designed for the operations of businesses, providing workspaces and offices for use by employees and management.
Patent Amortization
The gradual expense recognition of the cost of a patent over its useful life, reflecting the consumption of the patent's economic benefits.
Accumulated Depreciation
The cumulative amount of depreciation expense that has been recorded against a fixed asset since it was acquired and put into use.
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