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Which of the following holds true regarding delegation?
Equipment
Tangible assets used in operations, such as machinery or office equipment, not intended for sale.
Land
A real estate asset representing a parcel of earth's surface, its resources, and all its permanent fixtures.
Net Sales
Total sales revenue minus returns, discounts, and allowances for goods that are damaged or missing, defining a company's net sales.
Gross Profit
The financial gain obtained after subtracting the cost of goods sold from total sales revenue.
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