Examlex
Which categories do 2/3s of all adopters fall into?
Estimated Useful Life
The length of time, usually expressed in years or periods, that an asset is expected to be used in business operations.
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.
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