Examlex
The purpose of the final drive assembly is to:
Plant Assets
Long-term tangible assets that are used in the production or supply of goods and services, such as machinery, buildings, and vehicles.
Natural Resources
Assets that occur in nature, like minerals, timber, and oil, which can be used for economic benefit.
Intangible Assets
Non-physical assets owned by a business that have value, such as patents, trademarks, goodwill, and copyrights.
Normal Balance
The side (debit or credit) on which an account increases, determined by the account type in the accounting equation.
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