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Rotan Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below:
-What is the delivery cycle time?
Land Improvements
Enhancements made to land to increase its value or utility, such as landscaping, paving, and installation of utilities, which are typically depreciable over their estimated useful life.
Buildings
Physical structures owned by a company and used for its operations, representing a long-term asset on the balance sheet.
Land
A natural resource representing the earth's surface, not manufactured or created by humans, and used for various purposes including agriculture, building, and development.
Machinery and Equipment
Long-term assets used in the operations of a business, not intended for sale.
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