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In your own words, please describe what long-lived assets are for a corporation, and provide examples of these types of assets as discussed in class.

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In your own words, please describe what long-lived assets are for a corporation, and provide examples of these types of assets as discussed in class. What makes these assets different/unique from other types of assets a company may have on its balance sheet? Why are they important to the company? Please be as descriptive as possible (1 full paragraph: minimum 5 sentences/maximum 10 sentences)

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