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A restaurant is aware of a beehive located near the front door. No bees have entered the restaurant. Removal will subject an employee to bee stings. True or false: Under these circumstances, the restaurant does not have a duty to remove the hive.
Plant Assets
Durable physical assets utilized in manufacturing goods and providing services, including structures, machines, and tools.
Nonphysical Assets
Assets that do not have a physical presence, such as intellectual property, patents, and trademarks.
Land Account
An account on the balance sheet that reports the cost of land owned by a company.
Double-declining-balance
A method of accelerated depreciation that doubles the rate at which an asset's book value declines, compared to straight-line depreciation.
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