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Which of the Following Statements Regarding Circulation Is True

question 3

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Which of the following statements regarding circulation is true?


Definitions:

Land

An asset representing the earth's surface, which is not depreciable under accounting rules, but may appreciate in value over time.

Buildings

Physical structures owned by a business, typically used for offices, manufacturing, or storage.

Equipment

Tangible property used in the operation of a business, not intended for sale, such as machinery, computers, and tools.

Natural Resources

Assets that are found in nature and are used for economic gain, such as oil, forests, minerals, or water.

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