If Research Has Already Been Collected by Some Other Agency

question 73

Short Answer

If research has already been collected by some other agency other than the research department,the research should be called ___________ research.

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Definitions:

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.