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Resources
Economic or productive assets that can be utilized by an organization or individual to generate income or value, including natural, human, and financial resources.
Land
An asset category representing the ground a company owns, used for business operations but doesn’t depreciate over time.
Buildings
Physical structures owned by a business, classified as fixed assets on the balance sheet.
Equipment
Equipment refers to tangible property owned by a company that is used in its operations to produce goods or services and has a useful life longer than one year.
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