Examlex
Match each of the following phrases with the term (a-e) that it most closely describes it.Each term will be used only once.
-these make up the work in process subsidiary ledger
Asset Accounts
Accounts that represent the different types of economic resources owned or controlled by an entity.
Land
Real estate or property, minus buildings and equipment, that is considered a fixed asset.
Buildings
Assets categorized under real estate property that are used for business operations or rented out for revenue generation.
Depreciated
The reduction in the recorded cost of a fixed asset in a manner that allocates its cost over the useful life of the asset.
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