Examlex
Which of the following is incorrect?
Equity Method
An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's net income or loss.
Patents
Intellectual property rights granted to an inventor, providing exclusive rights to use, sell, or manufacture the invention for a certain period.
Equipment
Tangible personal property used in operations, such as machinery or office hardware, that is not intended for sale.
Acquisition Differential
The difference between the cost of an acquisition and the fair value of net assets acquired, often recognized as goodwill on the balance sheet.
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