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Mendeleev proposed the existence of an unknown element that he called eka-aluminum. This element is now called
Property, Plant, Equipment
Long-term tangible assets used in the operation of a business and not expected to be converted to cash in the short term.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation expense that has been recorded against a company's assets over time.
Expense Account
An account in financial accounting that represents costs incurred by a company during a period, not directly tied to the production of goods or services.
Equipment Account
An account where the cost of purchased equipment is recorded, reflecting the total value of equipment owned by a business.
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