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Long-Lived Assets
Assets of a durable nature used in the regular operations of a business and that are expected to provide economic benefit for more than one year.
Standby Equipment
This term describes equipment that is kept on site and is ready to be used as a backup or support in case the primary equipment fails or needs maintenance.
Breakdown
A detailed analysis or classification of something into its constituent parts.
Long-Lived Assets
Assets with a useful life longer than one year, such as buildings, machinery, and equipment, used in the operation of a business.
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