Examlex
[Insert Freberg2eTB9_3.bmp here.] The structure indicated by number 1 in this illustration is the
Patents
Patents are government grants that give inventors exclusive rights to their inventions, preventing others from making, using, or selling the invention for a certain period.
Capital Expenditure
Resources utilized by a business to purchase, improve, and upkeep tangible assets like real estate, factories, or machinery.
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company’s balance sheet.
Asset Account
An account on a balance sheet that represents a resource owned or controlled by a company, expected to produce future economic benefits.
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