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Plant and Equipment
Plant and equipment are tangible assets used in the production or supply of goods and services, such as machinery, vehicles, and buildings, necessary for business operations.
Accumulated Depreciation
Sum of all depreciation expenses allocated to a fixed asset since it first became operational.
Mortgage Payable
A liability account showing amount owed on a mortgage.
Liquidity
A measure of the ease with which an asset can be converted into cash without significant loss in value.
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