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U.S.managers tend to rely on this style of communication.
Land
A natural resource concerning the solid surface of the earth, which is not subject to depreciation.
Machinery and Equipment
Long-term assets used in the operations of a business, not intended for sale, ranging from production machinery to office equipment.
Goodwill
An intangible asset that arises when a business is acquired for more than the fair value of its identifiable net assets.
Patent
A legal right granted by the government to an inventor, giving exclusive ownership of an invention for a certain period of time, prohibiting others from making, using, or selling it.
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