Examlex
If you wished to store a large amount of archival data for a long period of time, you would choose which of the following?
Long-Lived Assets
Tangible or intangible resources owned by a company with a useful life extending beyond one year, such as buildings, equipment, and patents.
Sales Taxes
Taxes imposed by governments on sales of goods and services, collected by the seller.
Asset Improvements
Expenditures made to enhance the efficiency, capacity, or lifespan of an asset, leading to an increase in its value.
Ordinary Maintenance
The routine upkeep and repairs required to maintain assets in their normal operational state.
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