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Content Use of Expanded Accounting Equation Example of the Expanded Accounting Equation Liabilities and the expanded accounting equation Extended Accounting Equation Basic Accounting Equation vs. Expanded Accounting Equation Machinery is usually specific to a manufacturing business that has a factory producing goods. Machinery and buildings are often called PPE – Property Plant and Equipment. Unlike …

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Content Liabilities Section How to Create Your Own Investment Statements Using Excel What a Business Owes Classified Balance Sheet Components Companies must charge the costs of intangible assets to expense over the period benefited. Among the intangible assets are rights granted by governmental bodies, such as patents and copyrights. Companies in some manufacturing industries, such as …

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