Examlex
Which of the following is NOT correct?
Long-Lived Assets
Assets that have a useful life of more than one year, used in the operation of a company and are not intended for sale, including property, plant, and equipment.
Machinery And Equipment
Fixed assets used in the operation of a business to produce goods and services, typically having a useful life longer than one year.
Long-Lived Assets
Physical assets, such as property, plant, and equipment, expected to provide economic benefits to a company for more than one fiscal year.
Land Improvements
Enhancements made to a parcel of land to increase its value, such as landscaping, fencing, and adding utilities.
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