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Assets

 Wealth / resources owned by the business.

 Assets are divided into two: -

1. Non-current Assets

 Assets that have a life of more than one year.

 Divided into three: -

i. Tangible/fixed assets - can be seen physically.

Example: buildings, vehicles, equipment

ii. Intangible assets – can not be physically.

Example: - Trademarks, patents, copyrights

iii. Long-term investments - fixed deposits for

more than a year, the purchase of bonds

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