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Mukhi
0450-22-M-J-12-1b
Krish
TOPIC QUESTION - PAPER 1
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Krish
October 23, 2025 at 2:28:25 AM
May/June 2022
Version 3
5.0 Financial Information and Decisions
5.3 Income Statements
YOUR ANSWER
Building: These are assets a business owns for a long period of time.
Land: This is something a business holds for as long as possible, as it only goes up in value.
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