Examlex
Which of the following statements regarding circulation is true?
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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