Examlex
If you remember that "gato" is the Spanish word for "cat" by visualizing a cat sitting on the top of a gate,then you are using a
Natural Resource
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
Depreciable Asset
An asset that loses value over time due to usage, wear and tear, or obsolescence, which can be an expense on the income statement over its useful life.
Fixed Asset
A long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income.
Intangible
Assets that lack physical substance but hold value for a firm, such as patents, trademarks, and goodwill.
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