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Normally include items such as land and, buildings, motor vehicles, furniture, office equipment, computers, machinery, tools, IT equipment, fixtures and fittings, and plant and machinery certain wasting resources e.g., timberland and minerals.
In Financial Management they are written off against profits over their anticipated life by charging Depreciation expenses (with exception of land).
See also
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Business / Business Administration /
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[ Asset ] [ Depreciation ]