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When a reaction system reaches equilibrium, the forward and reverse reactions stop.
Standby Equipment
Equipment that is kept on hand and ready to be used as a backup in case primary equipment fails.
Property, Plant, Equipment
Long-term tangible assets used in the operation of a business that are expected to provide benefits for more than one year.
Intangible Assets
Non-physical assets owned by a business, such as patents, copyrights, trademarks, and goodwill, that provide economic benefits.
Fixed Assets
Long-term tangible assets held for business use and not expected to be converted into cash in the short term, such as buildings, machinery, and vehicles.
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